Stratford Furniture builds and sells two types of office chairs: the Deluxe model and the Standard...

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Stratford Furniture builds and sells two types of office chairs: the Deluxe model and the Standard model. Selling prices for the two chairs are $1,100 for the Deluxe and $330 for the Standard. Variable costs are $380 for the Deluxe and $190 for the Standard. The company's fixed costs are $1,700,000 per year. Stratford Furniture typically sells 7 Standard model chairs for each 2 Deluxe modes. Please compute the volume and dollar sales for these chairs to: a. Break even. b. Earn $900,000 net income. Stratford Furniture builds and sells two types of office chairs: the Deluxe model and the Standard model. Selling prices for the two chairs are $1,100 for the Deluxe and $330 for the Standard. Variable costs are $380 for the Deluxe and $190 for the Standard. The company's fixed costs are $1,700,000 per year. Stratford Furniture typically sells 7 Standard model chairs for each 2 Deluxe modes. Please compute the volume and dollar sales for these chairs to: a. Break even. b. Earn $900,000 net income.

Answer rating: 100% (QA)

Answer Q1 Analysis of given information Margin 380 190 Sales Cost Mix Deluxe Sta... View the full answer