Carla Vista Golf Accessories sells golf shoes, gloves, and a laser-guidedrange-finder that measures distance. Shown below are unit cost and salesdata. Sales mix is determined based upon total units sold.Pairs ofShoesPairs ofRange-GlovesFinderUnit selling price$105$33$244Unit variable costs5813203Unit contribution margin$47$20$41Sales mix36 %41 %23 %Fixed costs are $735,915.(a1)Your answer is correct.Calculate weighted-average unit contribution margin. (Round answerto 2 decimal places e.g. 10.25.)Weighted-average unit contribution margin $34.55eTextbook and Media(a2)Your answer is correct.Compute the break-even point in units for the company.Break-even pointeTextbook and Media21300 unitsAttempts: 1 of 3 usedAttempts: 1 of 3 used(b)Determine the number of units to be sold at the break-even point foreach product line.ShoesBreak-even point in unitsGlovesRange Finderspairs of shoespairs of glovesrange-finders

BREAKEVEN POINTBreak Even means the volume of production or sales where there is no profit or…

Answered: Carla Vista Golf Accessories sells golf…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Total costs 460 750 910 Variable costs $110,860 $ ? Fixed costs per year Total costs ? ? Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? ? ? ? ? $ 522.75 Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $690. 4. Calculate Hermosa's break-even point in units and sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of bikes produced and sold 460 Units 750 Units 910 Units Total costs Variable costs $ 110,860 Fixed costs per year Total costs $ 110,860 $ O $ Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $…
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2. Keep-Or-Drop Decision, Alternatives, Relevant Costs Reshier Company makes three types of rug shampooers. Model 1 is the basic model rented through hardware stores and supermarkets. Model 2 is a more advanced model with both dry-and wet-vacuuming capabilities. Model 3 is the heavy-duty riding shampooer sold to hotels and convention centers. A segmented income statement is shown below. Model 1 Model 2 Model 3 Total Sales $240,000 $550,000 $655,000 $1,445,000 Less variable costs of goods sold (96,000) (174,200) (354,000) (624,200) Less commissions (4,200) (27,500) (22,000) (53,700) Contribution margin $139,800 $348,300 $279,000 $767,100 Less common fixed expenses: Fixed factory overhead (375,000) Fixed selling and administrative (291,000) Operating income $101,100 While all models have positive contribution margins, Reshier Company…
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Ivanhoe Company has the following information available for September 2022. Unit selling price of video game consoles $480 Unit variable costs $336 Total fixed costs $63,360 Units sold 600 Compute the unit contribution margin. Unit contribution margin eTextbook and Media $ 144 Prepare a CVP income statement. Sales Variable Costs Contribution Margin Fixed Costs $ IVANHOE COMPANY CVP Income Statement For the Month Ended September 30, 2022 Total Per Unit Perc 480 $ 336 144 $ 63360 Net Income/(Loss) = $ (63216) eTextbook and Media Compute Ivanhoe' break-even point in sales units. Break-even point in units units
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Number 4 for this is all I need please: Contribution Margin, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Zebra Company manufactures custom-designed skins (covers) for iPods® and other portable MP3 devices. Variable costs are $5.50 per custom skin, the price is $10, and fixed costs are $114,300. Required: 1. What is the contribution margin for one custom skin? Round your answer to the nearest cent.$fill in the blank 1 per custom skin 2. How many custom skins must Zebra Company sell to break even? fill in the blank 2 custom skins 3. If Zebra Company sells 26,000 custom skins, what is the operating income?$fill in the blank 3 4. Calculate the margin of safety in units and in sales revenue if 26,000 custom skins are sold. Margin of safety in units fill in the blank 4 units Margin of safety in sales revenue
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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 455 605 755 Total costs Variable costs $ 65,065 149,700 $214,765 ? Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? ? ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $505 each. Calculate the contribution margin per canoe and the contribution margin rati 4. Next year Riverside expects to sell 805 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 455 605 755 Total Costs Variable Costs 2$ 65,065 Fixed Costs 149,700 Total Costs $ 214,765 $ $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00 Complete this…
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Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Sandy Bank sells its canoes for $375 each. 450 Required 1 Required 2 $ 69,750 $ 468,000 $ 537,750 Required 3 $ 155.00 1,040.00 $ 1,195.00 650 $ 100,750 $ 468,000 $ 568,750 $ 155.00 720.00 $ 875.00 Complete this question by entering your answers in the tabs below. 800 Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales 2. If Sandy Bank sells 1,500 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales pr $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit. $ 124,000 $ 468,000 $ 592,000 $ 155.00 585.00 $ 740.00 Suppose that Sandy Bank raises its selling…

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