Question: Summer Company sells a product with a contribution margin ratio of 60%. Fixed costs are $650 per month. What amount of sales (in dollars) must

Summer Company sells a product with a contribution margin ratio of 60%. Fixed costs are $650 per month. What amount of sales (in dollars) must Summer Company have to earn an operating income of $7,000? If each unit sells for $30, how many units must be sold to achieve the desired operating income?

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