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Phipps Co. sells two products, Arks and Bins. Last year, Phipps sold 12,000 units (30%) of Arks and 28,000 units (70%) of Bins. Related data
Phipps Co. sells two products, Arks and Bins. Last year, Phipps sold 12,000 units (30%) of Arks and 28,000 units (70%) of Bins. Related data are:
Product Unit Selling Price Unit Variable Cost Unit Contribution Margin Arks $120 $80 $40 Bins 80 60 20 Assuming that last year's fixed costs totaled $910,000, how many Arks and Bins must be sold to break-even?
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