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Someone pls help.. has to be put in excel later on... Lilys has decided to also offer lamps on-line, keeping separate profit and loss records
Someone pls help.. has to be put in excel later on...
- Lilys has decided to also offer lamps on-line, keeping separate profit and loss records for this new operation. Lily has calculated that the average price of the lamps shell sell on line will be $50, and the average cost will be $43.50. She feels its important to offer free shipping, so she has worked a deal with a local shipper at a flat rate of $2300 per month. Website and related costs are $475 a month. Lily has one dedicated employee, plus she has allocated a portion of her time at a monthly labor cost of $1850. (20 points)
- What is the contribution margin percent for the on-line lamps?
- How many lamps must Lily sell to break-even each month
- What is the break-even dollar amount?
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