Please answer first two subparts only12 Lindstrom Company produces two fountain pen models. Information about its products follows:Product A Product B$180,000$130,00054,60052,200$ 75,4005,000$127,8005,000Sales revenueLess: Variable costsContribution margin.Total units soldLindstrom's fixed costs total $84,000.Required:1. Determine Lindstrom's weighted-average unit contribution margin and weighted-average contribution margin ratio.2. Calculate Lindstrom's break-even point in units and in sales revenue.3. Calculate the number of units that Lindstrom must sell to earn a $120,000 profit.4. Calculate Lindstrom's margin of safety and margin of safety as a percentage of sales if it sells 9,100 total pens.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3Required 4Determine Lindstrom's weighted-average unit contribution margin and weighted-average contribution margin ratio. (Roundyour weighted-average CM to 2 decimal places and Weighted-Average CM Ratio to 1 decimal place (1.e. .123 should beentered as 12.3%)).Weighted-Average CMWeighted-Average CM Ratioper Unit%Required 1Required 2 >

Lets understand the basics. Contribution margin ratio is a ratio which shows the contribution…

Lindstrom Company produces two fountain pen models. Information about its products follows: Product A Product B $180,000 $130,000 52,200 $127,800 5,000 Sales revenue Less: Variable costs. Contribution margin Total units sold 54,600 $ 75,400 5,000 Lindstrom's fixed costs total $84,000. Required: 1. Determine Lindstrom's weighted-average unit contribution margin and weighted-average contribution margin rat 2. Calculate Lindstrom's break-even point in units and in sales revenue.

Lindstrom Company produces two fountain pen models. Information about its products follows: Product A Product B $180,000 $130,000 52,200 $127,800 5,000 Sales revenue Less: Variable costs. Contribution margin Total units sold 54,600 $ 75,400 5,000 Lindstrom's fixed costs total $84,000. Required: 1. Determine Lindstrom's weighted-average unit contribution margin and weighted-average contribution margin rat 2. Calculate Lindstrom's break-even point in units and in sales revenue.

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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