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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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Dec 29, 2023 06:29 AM

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Solve using the Contribution Margin approach. Ingrid processes and bottles jam in her home-based business. Her fixed

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a To find the breakeven point we need to determine the number of j...View the full answer

Business Mathematics In Canada

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