Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs:
Question:
Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs:
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The sales mix (in cases) is 40 percent Variety 1, 35 percent Variety 2, and 25 percent Variety 3.
Required
a. At what sales revenue per month does the company break even?
b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $40,950 after taxes assuming the same sales mix?
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a Compute weightedaverage contribution margins for each product W...View the full answer
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Related Book For 
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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