Solved

A Company Produces Product 11 and Product 22

Question 135

Multiple Choice

A company produces Product 11 and Product 22.Product 11 sells for $20 and has a contribution margin ratio of 60%.Product 22 sells for $30 and has a contribution margin ratio of 60%.This year the company sold 1,500 units of Product 11 and 2,500 units of Product 22.At the breakeven point, the company needs to sell 1,275 units of Product 11.What are the company's fixed costs?


A) $48,450
B) $32,130
C) $52,020
D) $53,550

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents