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1. Bobby's Karaoke Bar sells two types of beverages: Beverage Data Selling Price Variable Costs Long Island Iced Tea $9.95 Strawberry Daiquiris $6.85 4.40 3.70
1. Bobby's Karaoke Bar sells two types of beverages: Beverage Data Selling Price Variable Costs Long Island Iced Tea $9.95 Strawberry Daiquiris $6.85 4.40 3.70 $5.55 $3.15 4 1 Contribution Margin Sales Mix a. Compute the total contribution margin for the sales mix. b. Compute the weighted average contribution margin. c. Compute the break-even sales volume in units assuming $11,000 in fixed costs
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