Essay
A firm sells two products. Product R sells for $20; its variable cost is $12. Product S sells for $50; its variable cost is $15. Product R accounts for 30 percent of the firm's sales, while S accounts for 70 percent. The firm's fixed costs are $2 million annually. Calculate the firm's break-even point in dollars.
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The contribution for product R is 40 per...View Answer
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