Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Juniper Corp. makes three models of insulated thermos. Juniper has $314,000 in total revenue and total variable costs of $194,680. Its sales mix is given
Juniper Corp. makes three models of insulated thermos. Juniper has $314,000 in total revenue and total variable costs of $194,680. Its sales mix is given below:
Percentage of total sales 31% Thermos A Thermos B Thermos C Required: 1. Calculate the overall weighted average contribution margin ratio. Weighted Average CM Ratio 2. Determine the total sales revenue Juniper needs to break even if fixed costs are $71,630. (Round your answer to the nearest whole number.) Break-Even Point 3. Determine the total sales revenue needed to generate a profit of $81,700. (Round your answer to the nearest whole number.) Target Sales 4. Determine the sales revenue from each product needed to generate a profit of $81,700. (Round your answers to the nearest whole number.) Thermos A Thermos B Thermos CStep 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