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Required:1. Complete the table.2. Ramada sells its carts for $1,050 each. Prepare a contribution margin income statement for each of the three production levels given in the table.4. Calculate Ramada’s break-even point in number of units and in sales revenue.5. Assume Ramada sold 1,000 carts last year. Without performing any calculations, determine whether Ramada earned a profit last year.6. Calculate the number of carts that Ramada must sell to earn $30,000 profit.7. Calculate Ramada’s degree of operating leverage if it sells 2,050 carts.8. Using the degree of...
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Required:1. Determine Cove’s break-even point in units and sales dollars.2. Determine the bakery’s margin of safety if it currently sells 430 cakes per month.3. Determine the number of cakes that Cove must sell to generate $1,500 in profit.Screen Shot 2021-04-02 at 10.25.14 PM.pngScreen Shot 2021-04-02 at 10.25.33 PM.pngScreen Shot 2021-04-02 at 10.25.24 PM.png
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