Metlock sells books, movies, and magazines to a wide customer base. In a typical month, about 40% of its sales volume is from books,40% from movies, and 20% from magazines. The selling price and cost information for each of these product categories is as follows.Selling priceVariable cost/unit(a)(b)✓ Your answer is correct.In addition, Metlock incurs facility and administrative costs that average $28,080 per month.(c)Weighted-average contribution marginBooks$9eTextbook and Media3Find the weighted-average contribution margin per unit for this company. (Round answer to 2 decimal places, e.g. 15.25.)BooksMoviesYour answer is correct.MagazinesBooksMovieseTextbook and Media$149Determine how many units from each product category Metlock must sell to break even. (Round answers to O decimals, e.g. 15.)MoviesYour answer is incorrect.Magazines.Magazines2160 units2160 units1080 units$51unitsMetlock normally sells 3,000 books each month. Given the current sales mix, how many movies and magazines must it normallysell in a month?unitsunits5.2 per unitAttempts: unlimited.Attempts: unlimited

Metlock sells books, movies, and magazines to a wide customer base. In a typical month, about 40% of its sales volume is from books, 40% from movies, and 20% from magazines. The selling price and cost information for each of these product categories is as follows. Selling price Variable cost/unit Books $9 3 Movies $14 Magazines $5 1 In addition, Metlock incurs facility and administrative costs that average $28,080 per month.

Metlock sells books, movies, and magazines to a wide customer base. In a typical month, about 40% of its sales volume is from books, 40% from movies, and 20% from magazines. The selling price and cost information for each of these product categories is as follows. Selling price Variable cost/unit Books $9 3 Movies $14 Magazines $5 1 In addition, Metlock incurs facility and administrative costs that average $28,080 per month.

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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