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 (a) In addition, Metlock incurs facility and administrative costs that average $28,080 per month. (b) ✓ Your answer is correct. Weighted-average contribution margin Find the weighted-average contribution margin per unit for this company. (Round answer to 2 decimal places, e.g. 15.25.) Books Movies $9 $14 eTextbook and Media Books (c) 39 ✓ Your answer is correct. Movies Magazines Determine how many units from each product category Metlock must sell to break even. (Round answers to O decimals, e.g. 15.) eTextbook and Medial * Your answer is incorrect. Books Magazines Movies Magazines 2160 units 2160 units 1080 units $5 1 Metlock normally sells 3,000 books each month. Given the current sales mix, how many movies and magazines must it normally sell in a month? 1200 units 1200 units 5.2 per unit 600 units Attempts: 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 (a) In addition, Metlock incurs facility and administrative costs that average $28,080 per month. (b) ✓ Your answer is correct. Weighted-average contribution margin Find the weighted-average contribution margin per unit for this company. (Round answer to 2 decimal places, e.g. 15.25.) Books Movies $9 $14 eTextbook and Media Books (c) 39 ✓ Your answer is correct. Movies Magazines Determine how many units from each product category Metlock must sell to break even. (Round answers to O decimals, e.g. 15.) eTextbook and Medial * Your answer is incorrect. Books Magazines Movies Magazines 2160 units 2160 units 1080 units $5 1 Metlock normally sells 3,000 books each month. Given the current sales mix, how many movies and magazines must it normally sell in a month? 1200 units 1200 units 5.2 per unit 600 units Attempts: unlimited Attempts: unlimited
Chapter1: Financial Statements And Business Decisions
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