Question: Mats for Life produces yoga mats. Mat A sells for $60 and has a contribution margin ratio of 40%. Mat B sells for $100 and
Mats for Life produces yoga mats. Mat A sells for $60 and has a contribution margin ratio of 40%. Mat B sells for $100 and has a contribution margin ratio of 60%. This year the company sold a total of 80,000 mats, of which 30,000 were units of Mat A. At the breakeven point, the company needs to sell 68,000 units of both Mat A and Mat B. What are the company's fixed costs? (Round intermediate calculations to the nearest cent.)
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