Solve using the Contribution Margin approach. Ingrid processes and bottles jam in her home-based business. Her fixed
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Solve using the Contribution Margin approach.
Ingrid processes and bottles jam in her home-based business. Her fixed costs are $250 per month and the variable cost per jar is $1.20. She sells the jam to local grocery stores for $3.20 each.
a. How many jars must she sell per year to break even?
b. What will be her profit if she sells 3000 jars in a year?
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