Information for Pueblo Company follows: Product A Product B Sales Revenue $ 57,000 $ 47,000 Less:...
Information for Pueblo Company follows:
| Product A | Product B | ||||
| Sales Revenue | $ | 57,000 | $ | 47,000 | |
| Less: Total Variable Cost | $ | 10,800 | $ | 24,560 | |
| Contribution Margin | $ | 46,200 | $ | 22,440 | |
The total fixed costs are $27,000.
Determine target sales needed to earn a $32,000 target profit.
(Do not round intermediate calculations. Round your answer
to 2 decimal places.)
Homework Answers
Weighted average contribution margin = Total Contribution margin / Total sales
= (46200+22440) / (57000+47000)
= 66%
Sales needed = (Fixed costs + target profit) /66%
= (27,000+32,000)/66%
= 89,393.94
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