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What total monthly sales revenue is required to break even

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Reference no: EM132746148

Question - Finley Corporation has monthly fixed costs of $61,000. It sells two products for which it has provided the following information.

Sales Price

Product 1- $15

Product 2- $20

Margin Product Contribution

Product 1- $9

Product 2- $4

Required -

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?

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?

Reference no: EM132746148

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