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The following is Addison Corporation's contribution format income statement for last month:
Sales ....................$1,000,000Variable expenses........... 700,000
Contribution margin......... 300,000Fixed expenses.............. 180,000
Net operating income........ 120,000
The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
How many units would the company have to sell to attain the target profit of $150,000?
a. 25,000
b. 26,667
c. 22,000
d. 37,500
XYZ Company incurred the following costs for the month of August when it observed an activity level of 10,000 units.
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