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Mio Canoe Livery rents canoes and transports canoes and customers to and from their canoe trip on a ...

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Mio Canoe Livery rents canoes and transports canoes and customers to and from their canoe trip on a ...

Mio Canoe Livery rents canoes and transports canoes and customers to and from their canoe trip on a local river. The trip is priced at $20 per person and has a CM ratio of 30%. Mio's fixed expenses are $84,000. Last year, sales were $400,000 and profit was $36,000. How many units need to be sold to break-even, and how many need to be sold to earn a profit of $42,000?

▸ 1,800 and 2,100

▸ 6,000 and 8,143

▸ 14,000 and 21,000

▸ 4,200 and 6,300

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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