The following revenue-based profit functions were for X Company's only two products, A and B,...
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The following revenue-based profit functions were for X Company's only two products, A and B, in 2020: Product A: PA = 0.24RA - $32,000 Product B: PB = 0.38RB - $69,000 In 2020, revenue from sales of A was $220,000, and revenue from sales of of B was $180,000. Assume the product mix in 2021 remains the same as in 2020, what must total revenue be in 2021 in order for X Company to earn profit of $45,000 [round the weighted average contribution margin rate to two decimal places]?
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