Curtis Parker admired his wife's success at selling scarves at local crafts shows, so he decided to make two types of plant stands to sell at the shows. Curtis makes twig stands out of downed wood from his backyard and the yards of his neighbors, so his variable cost is minimal (wood screws, glue, and so forth). However, Curtis has to purchase wood to make his oak plant stands. His unit prices and costs are as follows: Twig Stands Oak Stands Sales price. . . . . . . . . . . . . $13.00 $30.00 Variable cost. . . . . . . . . . . $2.50 $7.00 The twig stands are more popular, so Curtis sells four twig stands for every one oak stand. Jennifer charges her husband $455 to share her booth at the craft shows (after all, she has paid the entrance fees). How many of each plant stand does Curtis need to sell to breakeven? Will this affect the number of scarves Jennifer needs to sell to breakeven? Explain. I JUST DONT NEED THE FULL ANSWER, JUST WHATS MISSIING IN THE PICSTURE Determine how many of each plant stand Curtis needs to sell to breakeven. Begin by computing the weighted-average contribution margin per unit. First identify the formula labels, then complete the calculations step by step. I JUST DONT NEED THE FULL ANSWER, JUST WHATS MISSIING IN THE PICSTURE

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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Curtis Parker admired his wife's success at selling scarves at local crafts shows, so he decided to make two types of plant stands to sell at the shows. Curtis makes twig stands out of downed wood from his backyard and the yards of his neighbors, so his variable cost is minimal (wood screws, glue, and so forth). However, Curtis has to purchase wood to make his oak plant stands. His unit prices and costs are as follows:

	Twig Stands	Oak Stands
Sales price. . . . . . . . . . . . .	$13.00	$30.00
Variable cost. . . . . . . . . . .	$2.50	$7.00

The twig stands are more popular, so Curtis sells four twig stands for every one oak stand. Jennifer charges her husband $455 to share her booth at the craft shows (after all, she has paid the entrance fees). How many of each plant stand does Curtis need to sell to breakeven? Will this affect the number of scarves Jennifer needs to sell to breakeven? Explain.

I JUST DONT NEED THE FULL ANSWER, JUST WHATS MISSIING IN THE PICSTURE

Determine how many of each plant stand Curtis needs to sell to breakeven. Begin by computing the weighted-average contribution margin per unit. First identify the formula labels, then complete the calculations step by step.

I JUST DONT NEED THE FULL ANSWER, JUST WHATS MISSIING IN THE PICSTURE

Curtis Parker admired his wife's success at selling scarves at local crafts shows
of plant stands to sell at the shows. Curtis makes twig stands out of downed wo
of his neighbors, so his variable cost is minimal (wood screws, glue, and so fort
purchase wood to make his oak plant stands. His unit prices and costs are as fe
(Click the icon to view the data.)
Determine how many of each plant stand Curtis needs to sell to breakeven. Beg
Twig
Sale price per unit
13.00
Less:
Variable cost per unit
2.50
Contribution margin per unit
10.50
Sales mix
Contribution margin
Weighted average contribution margin per unit
%24

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