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Question - A company develops the following budgeted income statement information:
Budgeted units sold: 10,000
Selling Price $47 per unit
Direct materials $10 per unit
Direct labor $3 per unit
Variable overhead $1 per unit
Fixed overhead $2 per unit
Selling General & Amin $5 per unit
Required - What is the budgeted net income if interest expense is $30,000.
Based on this information, what would be the impact on LKO's operating income if it dropped Customer YYY
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