Question: CVP ANALYSIS: #1 Rich Company estimates that variable costs will be 60% of sales and fixed costs will total $700,000. The selling price of the

CVP ANALYSIS: #1 Rich Company estimates that variable costs will be 60% of sales and fixed costs will total $700,000. The selling price of the product is $5.00 per unit. (a) Compute the breakeven point in: UNITS: DOLLARS: $ (b) Calculate the margin of safety ratio assuming actual sales are $2,400,000. Answer: %

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