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The following information pertains to Rica Company:
Sales (50,000 units) $1,000,000
Manufacturing costs:
Variable 340,000
Fixed 70,000
Selling and admin expenses:
Variable 10,000
Fixed 60,000
Problem 1: How much is Rica's break-even point?
A) 9,848 units.
B) 10,000 units.
C) 18,571 units.
D) 26,000 units.
Prepare journal entries for the information including all adjusting and closing entries. Purchased Materials on account Rs. 90,000.
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hightech inc. and oldtime co. complete within the same industry and had the following operating results in
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