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Malibu Corporation has monthly fixed costs of $63,000. It sells two products for which it has...

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Accounting

Malibu Corporation has monthly fixed costs of $63,000. It sellstwo products for which it has provided the following information.Sales Price Contribution Margin Product 1 $ 15 $ 9 Product 2 204

a. What total monthly sales revenue is required to break even ifthe relative sales mix is 30 percent for Product 1 and 70 percentfor Product 2? (Round your answer to the nearest dollaramount.)

b. What total monthly sales revenue is required to earn amonthly operating income of $16,000 if the relative sales mix is 20percent for Product 1 and 80 percent for Product 2? (Round youranswer to the nearest dollar amount.)

Answer & Explanation Solved by verified expert
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All working forms part of the answer Requirement a Working Product 1 Product 2 Total A Contribution margin 9 4 B Sales Price 15 20 C    See Answer
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