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Consider the following per unit data for Jennifer Company, a seller of both chairs and tables: Unit Data                     Tables       Chairs Selling price                 $200         $ 50 Variable costs                120            30 Contribution margin      $ 80         $ 20 Sales mix                           1             4 How many tables and chairs should Jennifer Company sell to break even if fixed costs are $210,000? Answers: a.  1,000 tables and 4,000 chairs   b.  1,313 tables and 5,250 chairs   c.  1,640 tables and 6,563 chairs   d.  500 tables and 2,000 chairs   e.  5,250 tables and 1,313 chairs

Consider the following per unit data for Jennifer Company, a seller of both chairs and tables: Unit Data                     Tables       Chairs Selling price                 $200         $ 50 Variable costs                120            30 Contribution margin      $ 80         $ 20 Sales mix                           1             4 How many tables and chairs should Jennifer Company sell to break even if fixed costs are $210,000? Answers: a.  1,000 tables and 4,000 chairs   b.  1,313 tables and 5,250 chairs   c.  1,640 tables and 6,563 chairs   d.  500 tables and 2,000 chairs   e.  5,250 tables and 1,313 chairs

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Consider the following per unit data for Jennifer Company, a seller of both chairs and tables:

Unit Data                     Tables       Chairs
Selling price                 $200         $ 50
Variable costs                120            30
Contribution margin      $ 80         $ 20
Sales mix                           1             4

How many tables and chairs should Jennifer Company sell to break even if fixed costs are $210,000?
Answers:
a. 
1,000 tables and 4,000 chairs
 
b. 
1,313 tables and 5,250 chairs
 
c. 
1,640 tables and 6,563 chairs
 
d. 
500 tables and 2,000 chairs
 
e. 
5,250 tables and 1,313 chairs
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