Multiple-Product Break-even Andrews Sporting Goods, Inc., produces and sells children's softball mitts: vinyl mitts and basic leather mitts. Last year, Andrews sold 13,500 vinyl mitts and 4,500 leather mitts. Information on the two products is as follows: Vinyl Mitts Price $8.10 3.80 Leather Mitts $25.00 15.30 Variable cost per unit Total fixed cost is $79,100. Required: (Round break-even packages to four significant digits and break-even units to the nearest whole unit.) 1. What is the sales mix of vinyl mitts and leather mitts? 2. Compute the break-even quantity of each product. The break-even quantity for vinyl mitts is The break-even quantity for leather mitts is

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

A5

Multiple-Product Break-even
Andrews Sporting Goods, Inc., produces and sells children's softball mitts: vinyl mitts and basic leather mitts. Last year, Andrews sold 13,500 vinyl mitts and 4,500 leather
mitts. Information on the two products is as follows:
Price
Vinyl Mitts
Feedback
$8.10
Check My Work
Partially correct
Variable cost per unit
Total fixed cost is 579,100.
Required: (Round break-even packages to four significant digits and break-even units to the nearest whole unit.)
1. What is the sales mix of vinyl mitts and leather mitts?
3.80
Leather Mitts
$25.00
15.30
2. Compute the break-even quantity of each product.
The break-even quantity for vinyl mitts is
The break-even quantity for leather mitts is
Transcribed Image Text:Multiple-Product Break-even Andrews Sporting Goods, Inc., produces and sells children's softball mitts: vinyl mitts and basic leather mitts. Last year, Andrews sold 13,500 vinyl mitts and 4,500 leather mitts. Information on the two products is as follows: Price Vinyl Mitts Feedback $8.10 Check My Work Partially correct Variable cost per unit Total fixed cost is 579,100. Required: (Round break-even packages to four significant digits and break-even units to the nearest whole unit.) 1. What is the sales mix of vinyl mitts and leather mitts? 3.80 Leather Mitts $25.00 15.30 2. Compute the break-even quantity of each product. The break-even quantity for vinyl mitts is The break-even quantity for leather mitts is
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education