Assume that Ocean King Products sells three varieties of canned seafood with the following prices...
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Accounting
Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs.
Selling Price
per CaseVariable Cost
per CaseFixed Cost
per MonthVariety 1$15$12-Variety 21614-Variety 32114-Entire firm--$48,400
The sales mix (in cases) is 60 percent Variety 1, 25 percent Variety 2, and 15 percent Variety 3.
Required:
a.At what sales revenue per month does the company break even?
b.Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $50,245 after taxes assuming the same sales mix?
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