Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Juniper Corporation makes three models of insulated thermos. Juniper has $317,000 in total revenue and total variable costs of $177,520. Its sales mix is given

Juniper Corporation makes three models of insulated thermos. Juniper has $317,000 in total revenue and total variable costs of $177,520. Its sales mix is given below:

Percentage of Total Sales
Thermos A 26%
Thermos B 42
Thermos C 32

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 $84,700.Note: Round your answer to the nearest whole number.

3. Determine the total sales revenue needed to generate a profit of $93,720. Assume fixed costs are 84,700. Note: Round your answer to the nearest whole number.

4. Determine the sales revenue from each product needed to generate a profit of $93,720. Assume fixed costs are 84,700. Note: Round your answers to the nearest whole number.

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

Step: 3

blur-text-image

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

The Human Resource Planning Audit

Authors: Peter Reilly

1st Edition

1907766111, 978-1907766114

More Books

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago