Jasmine Incorporated sells a product for $61 per unit. Variable costs per unit are $31, and fixed costs are $252,000. Answer the following questions: Required: a. What is the break-even point in units? b. What unit sales would be required to earn a target profit of $162,000? what is the margin of safety in
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Jasmine Incorporated sells a product for $61 per unit. Variable costs per unit are $31, and monthly fixed costs are $252,000. Answer the following questions: Required: a. What is the breakeven point in units? b. What unit sales would be required to earn a target profit of $162,000 ? c. Assuming Jasmine achieves the level of sales required in part b, what is the margin of safety in sales dollars?
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