a. Problem 2 Bobby's Karaoke Bar sells two types of beverages: Beverage Data Selling Price Variable Costs Contribution Margin Sales Mix Long Island Iced Tea $9.95 4.40 $5.55 4 Compute the total contribution margin for the sales mix. X b. Compute the weighted average contribution margin. (6 points) c. Compute the break-even sales volume in units assuming $11,000 in fixed costs. Strawberry Daiquiris $6.85 3.70 $3.15 1

Problem 2 Bobby's Karaoke Bar sells two types of beverages: (6 points) 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