Gossen Company is planning to sell 200,000 pliers for $4 per…
Gossen Company is planning to sell 200,000 pliers for $4 per unit. The contribution margin ratio is 25%. If Gossen will break even at this level of sales, what are the fixed costs?
(a) $100,000.
(b) $160,000.
(c) $200,000.
(d) $300,000.
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