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Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs.
Selling Variable
Fixed Cost
Price Cost
per Month
per Case per Case
Variety 1
$24
$20
-
Variety 2
25
23
Variety 3
30
21
Entire firm
$50,200
The sales mix (in cases) is 60 percent Variety 1, 25 percent Variety 2, and 15 percent Variety 3.
Required:
Question 1: a. At what sales revenue per month does the company break even?
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