Question: Section B - Comprehensive - Q2 Question No. 2 CVP - Basic Analysis (5 Marks, 30 Minutes) Raveen Products sells camping equipment. One of

Section B - Comprehensive - Q2 Question No. 2 CVP - Basic Analysis (5 Marks, 30 Minutes) Raveen Products sells camping equipment. One of the company's products, a camp lantern, sells for $90 per unit. Variable expenses are $63 per lantern, and fixed expenses associated with the lantern total $135,000 per month. Required: a. Compute the company's break-even point in number of lanterns and in total sales dollars. b. Compute the company's Margin of Safety in sales dollar and in percentage.

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