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Calculate the contribution margin per unit

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Reference no: EM132418467

Problem: Phan Incorporated has annual fixed costs totaling $6,000,000 and variable costs of $350 per unit. Each unit of product is sold for $500.

Required:

Question 1: Calculate the contribution margin per unit.

Question 2: Find the break-even point in units.

Question 3: How many units must be sold to earn an annual profit of $750,000?

Reference no: EM132418467

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