Multiple Choice
Holloway Company's contribution ratio is 24%. Total fixed costs are $84,000. Variable costs are $18 per unit. How many units must Holloway Company sell to break even?
A) 14,778 units.
B) 350,000 units.
C) 14,778 units
D) 4,667 units.
E) The correct answer cannot be determined from the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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