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Bloustein Co. makes chairs and tables in a variety of vibrant colors. They typically sell 3 chairs for everyone 1 table. Information about the sales
Bloustein Co. makes chairs and tables in a variety of vibrant colors. They typically sell 3 chairs for everyone 1 table. Information about the sales price and variable cost of each is below. The fixed costs for the year are $115,000. Assuming the 3:1 ratio of chairs to tables stays the same, how many chairs and tables would Bloustein Co. need to sell, to earn an operating income of $245,000? Tables Sales price Variable cost O 1,350 chairs and 450 tables O 2,250 chairs and 750 tables. 2,400 chairs and 800 tables O 3,087 chairs and 1,029 tables Chairs $170 $80 $290 $110
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