Question
You are going to open a business making custom skateboards. Using the data in the table, provide answers to the questions below. Skateboard Selling Price
You are going to open a business making custom skateboards. Using the data in the table, provide answers to the questions below.
Skateboard Selling Price
$ 175
Time to Make One Cabinet
5 hours
Labor Cost per Hour
$ 25
Raw material Cost per Skateboard
$ 19
Fixed Costs
$ 22000
Desired Profit per Month
$ 10000
What is your Contribution Margin? $Blank 1 (two decimals)
Skateboards to make per month to Break Even? Blank 2 ~ skateboards\month
Monthly Revenue needed to Break Even? $Blank 3 (two decimals)
Skateboards sold to reach desired profit? Blank 4~ skateboards\month
Monthly Revenue needed for desired profit? $Blank 5 (two decimals)
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