Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

****I can not figure out A and B. Any help would be appreciated. Thanks. Malibu Corporation has monthly fixed costs of $57,000. It sells two

image text in transcribed

****I can not figure out A and B. Any help would be appreciated. Thanks.

Malibu Corporation has monthly fixed costs of $57,000. It sells two products for which it has provided the following information. Contribution Margin 9 4 Sales Price $15 Product 1 Product 2 20 a. What total monthly sales revenue is required to break even if the relative sales mix is 30 percent for Product 1 and 70 percent for Product 2? (Round your answer to the nearest dollar amount.) b. What total monthly sales revenue is required to earn a monthly operating income of $16,000 if the relative sales mix is 20 percent for Product 1 and 80 percent for Product 2? (Round your answer to the nearest dollar amount.) a. Break even sales revenue b. Target sales revenue

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

Internal Auditing Assurance And Advisory Services

Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle

5th Edition

1634541367, 978-1634541367

More Books

Students also viewed these Accounting questions

Question

Task 1.: Draw flow chart of LIFO. (in the context of SAN)

Answered: 1 week ago