Question: c . It is believed that a new model can be ready for sale next year if Hazlett decides to go ahead with continued research.

.

It is believed that a new model can be ready for sale next year if Hazlett decides to go ahead with continued research. The new product would replace H

-

LX and can be produced by simply converting equipment presently used in producing the H

-

LX model. This conversion will increase fixed costs by $

478, 000

annually. What must be the minimum annual contribution margin for the new model to make the changeover financially feasible?

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