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Exercise 20.4 (Algo) Computing the Break-Even Point (LO20-4, LO2O-5, LO20-6) Finley Corporation has monthly fixed...

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Accounting

image Exercise 20.4 (Algo) Computing the Break-Even Point (LO20-4, LO2O-5, LO20-6) Finley Corporation has monthly fixed costs of $64,000. It sells two products for which it has provided the following information: Required: 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.) Note: 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? Note: Round your answer to the nearest dollar amount

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