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Question - Baker Optical Shop has been in operation for several years. Analysis of the firm's recent financial statements and records reveal the following:
Average Selling price per pair of glasses $70
Variable expenses per pair:
Lenses and frames $28
Sales commission 12
Variable overhead 8
Annual fixed costs:
Selling expenses $18,000
Administrative expenses 48,000
The company's effective tax rate is 40 percent. Sara's Baker, company president, has asked you to help her answer the following questions about the business.
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