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Fredonia Inc. had a bad year in 2013. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 78,100 units of product: Net sales $1,507,330; total costs and expenses $1,758,000; and net loss $250,670. Costs and expenses consisted of the following
Total
Variable
Fixed
$________________________
Break-even point
$
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For several years, a number of Food Lion,Inc., grocery stores were unprofitable. The company closed, and continues to close, some of these locations.
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