Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Juniper Corp. makes three models of insulated thermos. Juniper has $312,000 in total revenue and total variable costs of $212,160. Its sales mix is given
Juniper Corp. makes three models of insulated thermos. Juniper has $312,000 in total revenue and total variable costs of $212,160. Its sales mix is given below:
Percentage of total sales | ||
Thermos A | 32 | % |
Thermos B | 46 | |
Thermos C | 22 | |
Required:
1. Calculate the (overall) weighted-average contribution margin ratio.
2. Determine the total sales revenue Juniper needs to break even if fixed costs are $63,200.
3. Determine the total sales revenue needed to generate a profit of $70,080.
4. Determine the sales revenue from each product needed to generate a profit of $70,080.
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