Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Product White Fragrant Loonzain Total Percentage of total sales.... 40% 24% 36% 100% Sales................................. $150,000 100% $390,000 100% $210,000 100% $750,000 100% Variable expenses..............

1.

Product

White

Fragrant

Loonzain

Total

Percentage of total sales....

40%

24%

36%

100%

Sales.................................

$150,000

100%

$390,000

100%

$210,000

100%

$750,000

100%

Variable expenses..............

108,000

72%

78,000

20%

84,000

40%

360,000

48%

Contribution margin............

$ xx,000

28%

$xxx,000

80%

$xxx,000

60%

xxx,000

52%

*

Fixed expenses..................

xxx,280

Net operating income (loss)

$ (xx,280)

*$390,000 $750,000 = 52%

Find The %age of variable expenses for the three products are in the tips I provided here.

2. Break-even sales would be what? Show your calculation based off text book formula and examples:

remember it is fixed expenses/CM ratio

3. Memo to the president:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Only Tax Audit Guide Youll Ever Need

Authors: Janet M. Sydlaske, Richard K. Millcroft

1st Edition

0471510769, 978-0471510765

More Books

Students also viewed these Accounting questions

Question

Use a set of indifference curves to derive the demand for a good.

Answered: 1 week ago

Question

Examine various types of executive compensation plans.

Answered: 1 week ago

Question

1. What is the meaning and definition of banks ?

Answered: 1 week ago

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago