Mission Foods produces two flavors of tacos- chicken and fish with the following characteristics. Selling price per $ taco Variable cost per taco Chicken Expected sales (tacos) 3.40 1.70 200,000 Fish The total fixed costs for the company are $112,000. Required: $ 4.80 2.40 297,000 b. Assuming that the product mix would be 38 percent chicken and 62 percent fish at the break-even point, compute the break-even volume using weighted-average contribution margin.
Mission Foods produces two flavors of tacos- chicken and fish with the following characteristics. Selling price per $ taco Variable cost per taco Chicken Expected sales (tacos) 3.40 1.70 200,000 Fish The total fixed costs for the company are $112,000. Required: $ 4.80 2.40 297,000 b. Assuming that the product mix would be 38 percent chicken and 62 percent fish at the break-even point, compute the break-even volume using weighted-average contribution margin.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Mission Foods produces two flavors of tacos-
chicken and fish with the following
characteristics.
Selling
price per $
taco
Variable
cost per
taco
Chicken
Expected
sales
(tacos)
3.40
1.70
200,000
Fish
The total fixed costs for the company are
$112,000.
Required:
$ 4.80
2.40
297,000
b. Assuming that the product mix would be 38
percent chicken and 62 percent fish at the
break-even point, compute the break-even
volume using weighted-average contribution
margin.
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