Malibu corporation has monthly fixed costs of 66000 it, Ask an Expert

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Malibu Corporation has monthly fixed costs of $66,000. It sells two products for which it has provided the following information: Sales Price Contribution Margin Product 1 $15 $9 Product 2 20 4.

Required:

Question 1: 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?

Question 2: 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: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165738

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