Question
Markham Catering produces 3 sets of party trays. its sales mix and contribution margin information per order is shown below: Sales mix Contribution margin Party
Markham Catering produces 3 sets of party trays. its sales mix and contribution margin information per order is shown below:
| Sales mix | Contribution margin |
Party Trays Set A | 10% | $150 |
Party Trays Set b | 60% | $100 |
Party Trays Set C | 30% | $50 |
The total fixed costs is $630,000
Calculate the number of each set of party trays that the company would need to sell in order to breakeven by filling in the blanks below:
1) Weighted average unit contribution margin is $
2) Number of Party Trays Set A to be sold to breakeven
3) Number of Party Trays Set B to be sold to breakeven
4) Number of Party Trays Set C to be sold to breakeven
5) What will be the profit if 10,000 party trays are sold? $
No need to write down the $ sign or unit. No need to write down the thousand separator e.g. if your answer is $9,999, write down 9999 in the blank.
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