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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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