You are going to open a business selling customer cabinets. You can sell each cabinet for $80. It takes a cabi
jmelee85
You are going to open a business selling customer cabinets. You can sell each cabinet for $80. It takes a cabinet make about 45 minutes per cabinet. Each cabinet maker works 8 hours a day, earning $18/hr. Each cabinet uses $25.00 in raw materials.You normally produce cabinets 20 days in a month. You estimate that your fixed costs are $5,000 per month.
You are going to open a business selling customer cabinets. You can sell each cabinet for $80. It takes a cabinet make about 45 minutes per cabinet. Each cabinet maker works 8 hours a day, earning $18/hr. Each cabinet uses $25.00 in raw materials.You normally produce cabinets 20 days in a month. You estimate that your fixed costs are $5,000 per month.
What is your contribution margin?
How many cabinets must you make each month to break even?
What is your total monthly revenue if you want to profit $2,000?
Construct a break even chart for the custom cabinet firm?
Yes, this is a homework question… it is actually a practice problem…please help.
It is for a business finance class, not math…
July 13th, 2003 at 4:06 am
Sounds like a homework question to me… do the math kiddo!!!!
July 15th, 2003 at 6:01 pm
is this question for homework..like math homework?
just wondering
July 18th, 2003 at 1:30 am
wow what an excellent math question.
My story problems look like this:
This month has 30 days, however you only have 19 day of paycheck. Solve for car payment. Extra credit if you avoid the late charge.
July 21st, 2003 at 3:23 am
Your next class should be bankruptcy.