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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 $ 81Time to Make One Cabinet 30 minutesLabor Cost per Hour $ 17Raw material Cost per Cabinet $ 24Fixed Costs $ 6000Desired 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?
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