Multiproduct CVP Analysis
MoJo Corp. makes three models of insulated thermos. MoJo has $300,000 in total revenue and $180,000 total variable costs. Its sales mix is given below:
| Percentage of Total Sales |
Thermos A | 35% |
Thermos B | 45 |
Thermos C | 20 |
Required:
1.Calculate the weighted average contribution margin ratio.
2.Determine the total sales revenue MoJo needs to break even if fixed costs are $75,000.
3.Determine the total sales revenue needed to generate a profit of $90,000.
4.Determine the sales revenue from each product needed to generate a profit of $90,000.
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