Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alexis Tools makes 2 products, snips and cutters. Snips have a unit selling price of $40 and uni variable cost of $24 and cutters

image text in transcribed

Alexis Tools makes 2 products, snips and cutters. Snips have a unit selling price of $40 and uni variable cost of $24 and cutters have a unit selling price of $50 and unit variable cost of $26. Alexis has annual fixed costs of $310,000. Alexis' historical sales data indicates that snips and cutters are sold in a 2 to 3 sale mix. How many cutters will have to be sold if the company desires to earn a profit of $2,000 assuming the current sales mix.? 15,000 cutters O9,000 cutters O6,000 cutters 14,000 cutters 10,000 cutters

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_2

Step: 3

blur-text-image_3

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

Business Mathematics In Canada

Authors: Ernest Jerome

7th edition

978-0071091411, 71091416, 978-0070009899

More Books

Students also viewed these Accounting questions

Question

=+b) What were the factors and factor levels?

Answered: 1 week ago

Question

what are cash dividends declared of?

Answered: 1 week ago