Problem

Apollo Company manufactures a single product that sells for $168 per unit and whose total...

Apollo Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per unit. The company’s annual fixed costs are $630,000. (1) Use this information to compute the company’s (a) contribution margin, (b) contribution margin ratio, (c) break-even point in units, and (d) break-even point in dollars of sales.

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