Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Having trouble with the break even for this problem please respond with answer and breakdown of how you came up with the answers. The total
Having trouble with the break even for this problem please respond with answer and breakdown of how you came up with the answers.
The total fixed costs for the company are $123,000. Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix would be 37 percent chicken and 63 percent fish at the break-even point, compute the break-eve volume using weighted-average contribution margin. c. If the product sales mix were to change to four chicken tacos for each fish taco, what would be the new break-even volume? Complete this question by entering your answers in the tabs below. If the product sales mix were to change to four chicken tacos for each fish taco, what would be the new break-even volume? (In your computations, round up the total units to break-even to the nearest whole number and round other intermediate calculations to 2 decimal places. Round your final answers up to the nearest whole unit.) The total fixed costs for the company are $123,000. Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix would be 37 percent chicken and 63 percent fish at the break-even point, compute the break-eve volume using weighted-average contribution margin. c. If the product sales mix were to change to four chicken tacos for each fish taco, what would be the new break-even volume? Complete this question by entering your answers in the tabs below. If the product sales mix were to change to four chicken tacos for each fish taco, what would be the new break-even volume? (In your computations, round up the total units to break-even to the nearest whole number and round other intermediate calculations to 2 decimal places. Round your final answers up to the nearest whole unit.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started