# Information regarding the products is summarized (answer attached)

Feb 3rd, 2012
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Problem 7 Music Company produces two models, P Diddy and Eminem. Information regarding the products is summarized for the month of April in the following table: P Diddy Eminem Total Number of units 600 400 1,000 Sales revenue \$24,000 \$12,000 \$36,000 Fixed costs 6,000 5,400 11,400 Variable costs 12,600 3,600 16,200 Operating Income \$ 5,400 \$ 3,000 \$ 8,400 Profit per unit \$9.00 \$7.50 A. How much is the weighted average contribution margin ratio based on sales dolalrs? B. What level of sales does Music need to earn a before tax profit of \$10,000 assuming the current mix? C. If you were a salesman for Music, which product would you ‘push’ to customers to achieve the highest profit for your company if customers will each spend \$2,000 and are indifferent as to which product? Show calculations and briefly justify your answer. ..............more

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