Business, 19.05.2020 18:57, maelonramirez

Backus Inc. makes and sells many consumer products. The firm’s average contribution margin ratio is 29%. Management is considering adding a new product that will require an additional $12,000 per month of fixed expenses and will have variable expenses of $7 per unit. Required: Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 29%. (Round your answer to 2 decimal places.) Calculate the number of units of the new product that would have to be sold if the new product is to increase the firm's monthly operating income by $9,400. (Do not round intermediate calculations.)

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Backus Inc. makes and sells many consumer products. The firm’s average contribution margin ratio is...