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MEL Industries sells two products with the following characteristics. Fixed costs for the company are $360,000 per year. The companys president, Ms. Mihelic, would like
MEL Industries sells two products with the following characteristics. Fixed costs for the company are $360,000 per year. The companys president, Ms. Mihelic, would like to earn a profit of $500,000 this year.
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- Determine MEL Industries sales mix. Express as a percentage.
Product 200
Product 201
- Calculate MEL Industries weighted-average contribution margin. Round to the nearest penny.
3. How many units in total does MEL Industries need to sell to earn the desired profit?
Total Units of Product 200 and Product 201:
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