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Randy's Tireland - Contribution Margin and Net Loss

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Randy's tireland makes a product that sells for $61 per unit and has $54 per unit in variable costs. Annual fixed costs are $24,000. If Rambles sells 10 units less than breakeven, how much loss would the company recognize on its income statement?

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Solution Summary

The solution is in excel format showing full calculation of Break even point in unit sales and then the calculation of net loss

$2.19