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Question - Sheridan Company is planning to sell 890000 units for $1.50 per unit. The contribution margin ratio is 20%. If Sheridan will break even at this level of sales, what are the fixed costs?
A. $1010000.
B. $267000.
C. $623000.
D. $890000.
That's what it's worth. Or, at a minimum, at $106,000." Respond to this statement with specific reference to accounting principles applicable in this situation.
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