Mojo Corp makes three models of insulated thermos Mojo has ($300,000 ) in total revenue and ($180,000 ) total variable costs Its sales mix is given below Required 1 Calculate the weighted average contribution margin ratio 2 Determine the total sales revenue Mojo needs to break even if fixed costs a...

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Mojo Corp. makes three models of insulated thermos. Mojo has ($300,000) in total revenue and ($180,000) total

Question:

Mojo Corp. makes three models of insulated thermos. Mojo has $$300,000$ in total revenue and $$180,000$ total variable costs. Its sales mix is given below:

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Required:

1. Calculate the weighted average contribution margin ratio.

2. Determine the total sales revenue Mojo needs to break even if fixed costs are $75,000.

3. Determine the total sales revenue needed to generate a profit of $90,000.

4. Determine the sales revenue from each product needed to generate a profit of $90,000.

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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Question Posted: May 14, 2024 10:02 AM

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Mojo Corp. makes three models of insulated thermos. Mojo has ($300,000) in total revenue and ($180,000) total

Question:

Thermos A Thermos B Thermos C Percentage of Total Sales 35% 45 20

Step by Step Answer:

Managerial Accounting

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