Ivanhoe, Inc. developed the following information for its product: Sales price Variable cost Contribution margin Total fixed costs Per Unit $102.00 71.40 $30.60 $1,288,260 Answer the following independent questions.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
Section14.A: Breakeven Analysis
Problem 7P
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Ivanhoe, Inc. developed the following information for its product:
Sales price
Variable cost
Contribution margin
Total fixed costs
Per Unit
(a)
$102.00
71.40
$30.60
$1,288,260
Answer the following independent questions.
Number of units to be sold
How many units must be sold to break even?
Transcribed Image Text:Ivanhoe, Inc. developed the following information for its product: Sales price Variable cost Contribution margin Total fixed costs Per Unit (a) $102.00 71.40 $30.60 $1,288,260 Answer the following independent questions. Number of units to be sold How many units must be sold to break even?
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