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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.

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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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.
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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