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James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $200,000 and the variable expenses are 45% sales. Given this information, the actual profit is
A) 27,500B) 18,000C) 22,500D) 22,000
(Could you explain how did you get the answer?)
Make a forecast of the units and cost of raw material that will be required for February, March, and April. The expected cost per pound of raw material is expected to be $2 in February, $2.30 in March, and $2.40 in April
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