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What monthly revenue needed to reach desired profit

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Reference no: EM132712961

You are going to open a business making custom cabinets. Using the data in the table, provide answers to the questions below.

Cabinet Selling Price             $ 81
Time to Make One Cabinet   30 minutes
Labor Cost per Hour              $ 17
Raw material Cost per Cabinet  $ 24
Fixed Costs                         $ 6000
Desired Profit per Month           $ 7000

Problem 1: What is your Contribution Margin? $-------- (two decimals)

Problem 2: Cabinets to be made per month to Break Even? ------ ~ cabinetsmonth

Problem 3: Monthly Revenue needed to reach your desired profit?

Reference no: EM132712961

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