question archive Finley Corporation has monthly fixed costs of $61,000
Finley Corporation has monthly fixed costs of $61,000
Subject:AccountingPrice:2.86 Bought9
Finley Corporation has monthly fixed costs of $61,000. It sells two products for which it has provided the following information.
Sales Price
Product 1- $15
Product 2- $20
Margin Product Contribution
Product 1- $9
Product 2- $4
a. What total monthly sales revenue is required to break even if the relative sales mix is 30 percent for Product 1 and 70 percent for Product 2? (Hint: Determine the contribution margin ratio for each product.) (Round your answer to the nearest dollar amount.)
b. What total monthly sales revenue is required to earn a monthly operating income of $16,000 if the relative sales mix is 20 percent for Product 1 and 80 percent for Product 2? (Round your answer to the nearest dollar amount.)
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