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Question - Spacely Company sells sprockets for $25. The following is the projected income statement for 2015. Variable costs are the cost of the sprockets, $.10 each, plus a 10% sales commission paid to the worker.
Sales - $200,000
Cost of Goods Sold - 80,000
Gross Margin - 120,000
Operating Expenses
Salaries and Commissions - 50,000
Rent -24,000
Other Fixed Expenses - 8,750
Total Operating Expenses - 82,750
Net Income - $37,250
For Spacely, the number of sprockets he needs to sell to break even are
A. 5,517
B. 4,220
C. 6,620
D. 5,020
E. none of these
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