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Problem
Lindstrom company produces two fountain pen models, Information about its product follows: Lindstrom's fixed costs total $83,000 Determine Lindstrom's weighted-average unit contribution margin and weighted-average contribution margin ratio. Calculate Lindstrom's break-even point in units and in sales revenue. Calculate the number of units that Lindstrom must sell to earn a $110,000 profit. Calculate Lindstrom's margin of safety and margin of safety as a percentage of sales if it sells 8, 900 total pens.
International Standards on Auditing (ISA) have been approved by the International Auditing and Assurance Board (IAASB). Recently, the IAASB has issued a number of proposed ISAs for comment
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