Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Joseph Co. has three products A, B, and C, and its fixed costs are $69,000. The sales mix for its products are 3 units of
Joseph Co. has three products A, B, and C, and its fixed costs are $69,000. The sales mix for its products are 3 units of A, 4 units of B, and 1 unit of C. Information about the three products follows:
A. Calculate the company's break even point in composit units and sales dollars
B. Calculate the number of units of each individual product to be sold at break even point.
| A | B | C | |
| Projected Sales | $192,000.00 | $192,000.00 | $64,000.00 |
| Selling price | $40.00 | $30.00 | $40.00 |
| Contribution Margin Ratio | 30% | 35% | 35% |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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