Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please solve the following check 7 exercise 20.4

Please solve the following Check 7 Exercise 20.4 (Algo) Computing the Break-Even Point (LO20-4,...

70.2K

Verified Solution

Question

Accounting

Please solve the followingimage

Check 7 Exercise 20.4 (Algo) Computing the Break-Even Point (LO20-4, LO20-5, LO20-6) Finley Corporation has monthly fixed costs of $70,000. It sells two products for which it has provided the following information. 10 points Skloped Contribution Margin $9 4 Sales Price $15 20 Product 1 Product 2 eBook Print References 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.) a. Break even sales revenue b. Target sales revenue

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Discuss the nature of the three main types of atomic line broadening and include the relative...

Accounting
1.2K views

Klumper Corporation is a diversified manufacturer of industrial goods. The company’s activity based costing system contains the...

Biology
1.2K views

Listen Match each statement with a group of plants Angiosperms Gymnosperms Ferns Mosses 1 the...

Physics
1.2K views

A particle of mass m intially at rest is acted upon by a variable force...

Geometry
1.2K views

How is log 728 written in terms of natural logarithms using the change of base...

Calculus
1.2K views

5 Identify the value of c that satisfies the Mean Value 3 2 Theorem for...

Algebra
1.2K views

Find the 7th term in the sequence with the following definition:a? = 64an =an-1 /...

Accounting
1.2K views

Accounting: What the numbers mean 11th edition, Chapter 7, E.7.16 Bonds payable - Calculate market...

Accounting
1.2K views

The Bottlebrush Company has income from operations of $72,072, invested assets of $234,000, and sales...

Accounting
1.2K views

James Smith exchanged an office building used in business with an adjusted basis of $380100...

Accounting
1.2K views

Average Rate of Return, Cash Payback Period, Net Present Value Method for a Service Company...

Accounting
1.2K views

The statement of income of Pina Colada Corporation is presented here. PINA COLADA CORPORATION Statement...