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In August, Gold Company sold 770 units of their only product. For the month, fixed costs were $10,400, variable costs were 57% of sales, and the average sales price was $62.
(a) Determine the contribution margin in dollars per unit and as a ratio.
(b) Compute the break-even point in dollars and in units.
If the price per unit differs from the standard price per unit for direct materials, the variance is:
Sally incurred a 90-mile round-trip commute every day, mainly because she could not get along with her supervisor at the sales office located four miles from her home. Sally works under a one-year contract
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A company has current assets of $45,000, current liabilities of $30,000, and total liabilities of $55,000. The current ratio is:
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