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Sanchez Co. sells flags with team logos. Sanchez has fixed costs of $ $602,000 per year plus variable costs of $5.50 per flag. Each flag sells for $12.50.
Requirements:
1. Compute the number of flags Sanchez must sell each year to break even.2. Compute the dollar sales Sanchez needs to earn $70,000 in operating income.3. Prepare Sanchez's contribution margin income statement for the year June 30, 2012, for sales of 88,000 flags. Cost of Goods sold is 60% of variable costs. Operating costs make up the rest of variable costs and all of the fixed costs.4. The company is considering an expansion that will increase fixed costs by 20% and variable costs by $.60 cents per flag. Compute the new breakeven point in units and dollars ( round to the nearest unit for the breakeven point and the nearest dollar for the breakeven sales). Should Sanchez undertake the expansion. Give your reasoning.
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