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Malibu Corporation has monthly fixed costs of $58,000. It sells two products for which it has provided the following information: Sales Price Contribution Margin Product

Malibu Corporation has monthly fixed costs of $58,000. It sells two products for which it has provided the following information:

Sales Price Contribution Margin
Product 1 $15 $9
Product 2 20 4
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.)

Break even sales revenue?

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.)

Target sales revenue?

I need the actual calculation on how to get the answer not just the answered. (This is homework and I would like to actually learn how to do the problems for the test) Thank you!

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