Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pdq repairs has 200 auto-maintenance service outle

PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service:...

50.1K

Verified Solution

Question

Accounting

image

PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change-related services represent 70% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 30% of its sales and provides a 30% contribution margin ratio. The company's fixed costs are $15,699,800 (that is, $78,499 per service outlet). Calculate the dollar amount of each type of service that the company must provide in order to break even. (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.) Oil changes $ Brake repair $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A)In a study of distances traveled by buses before the first major engine failure, a sample...

Statistics
Q

Consider the following information on Huntington Power Co. Debt: 4,000, 7% semiannual coupon bonds outstanding, $1,000...

Finance
Q

During which phase of mitosis do the chromosomes line up single file at the equator...

Biology
Q

A rectangular field is 15 yards in length and 48 feet in width. What is...

Geometry
Q

The table gives estimates of the world population in millions from 1750 to 2000 Round...

Statistics
Q

The mean starting salary for nurses is 67 694 dollars nationally The standard deviation is...

Statistics
Q

Find WX in rectangle WXYZ N W 7p 35 6p 28

Calculus
Q

Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs...

Accounting
Q

Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,300,000 in...

Accounting
Q

On August 1,20x1, Acme Corp. purchased equipment for $58,858 with an estimated salvage value of...

Accounting
Q

Wilmington Chemical Company uses oil to produce two types of plastic products, P1 and P2....

Accounting
Q

What financial technique is used to determine the extent to which fixed costs are used...

Finance