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Given the following data: Per Unit Total Sales$12 $48,000 Less variable expenses 7 28,000 Contribution margin 5 20,000 Less fixed expenses 12,500 Operating profit $7,500 If sales decrease by 400 units, by what percent would fixed costs have to be reduced in order to maintain current operating profit?
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Given the following data: Per Unit Total Sales$12 $48,000 Less variable expenses 7 28,000 Contributi...
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