A5 Multiple-Product Break-evenAndrews 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 leathermitts. Information on the two products is as follows:PriceVinyl MittsFeedback$8.10Check My WorkPartially correctVariable cost per unitTotal 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?3.80Leather Mitts$25.0015.302. Compute the break-even quantity of each product.The break-even quantity for vinyl mitts isThe break-even quantity for leather mitts is

The break-even point indicates that total units are to be sold by the business entity to recover the…

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

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

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 54P: Basu Company produces two types of sleds for playing in the snow: basic sled and aerosled. The...

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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 13,620 vinyl mitts and 4,540 leather mitts. Information on the two products is as follows: Vinyl Mitts Leather Mitts Price $7.80 3:1 Variable cost per unit Total fixed cost is $76,650. 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? $24.80 3.70 15.20 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
SBD Phone Company sells its waterproof phone case for $122 per unit. Fixed costs total $262,000, and variable costs are $52 per unit. Compute the units of product that must be sold to earn pretax income of $228,000. Units to be sold to achieve targeted income Choose Numerator: Choose Denominator: Units to Achieve Target Units to achieve target II
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Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Expected sales (in cases) Selling price per case Direct labor hours Machine hours Receiving orders Packing orders Material cost per case Direct labor cost per case The company uses a conventional Direct labor benefits Machine costs Receiving department Packing department Total costs All depreciation Fixed $ Rose Violet Break-even cases of Rose Break-even cases of Violet 47,000 9,400 $103 $80 35,800 5,550 10,250 2,700 $53 $12 costing system and assigns overhead costs to products using direct labor hours. Annual overhead costs follow. They are classified as fixed or variable with respect to direct labor hours. Variable $210,885 186,500 243,965 233,000 142,500 $562,000 $454,850 Break-even cases of Rose Break-even cases of Violet 51 104 24 55 Required: 1. Using the conventional approach, compute the number of cases of Rose and the number of cases of Violet…
Multiple-Product Breakeven Parker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labor; hence, there are no traceable fixed costs. Common fixed cost equals $30,000. Parker's accountant has begun to assess the profitability of the two lines and has gathered the following data for last year: Vases Figurines Price $40 $70 Variable cost 30 42 Contribution margin $10 $28 Number of units 1,000 500 Required: 1. Compute the number of vases and the number of figurines that must be sold for the company to break even. Break-even vases fill in the blank 1 units Break-even figurines fill in the blank 2 units 2. Parker Pottery is considering upgrading its factory to improve the quality of its products. The upgrade will add $5,260 per year to total fixed cost. If the upgrade is successful, the projected sales of vases will be 1,500, and figurine sales will increase to 1,000 units. What is the new break-even…
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Multiple-Product Breakeven Parker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labor; hence, there are no traceable fixed costs. Common fixed cost equals $28,800. Parker's accountant has begun to assess the profitability of the two lines and has gathered the following data for last year: Vases Figurines Price $40 $70 Variable cost 30 42 Contribution margin $10 $28 Number of units 1,000 500 Required: If required, round your final answers to nearest whole value. 1. Compute the number of vases and the number of figurines that must be sold for the company to break even. Break-even vases units Break-even figurines units 2. Parker Pottery is considering upgrading its factory to improve the quality of its products. The upgrade will add $5,280 per year to total fixed cost. If the upgrade is successful, the projected sales of vases will be 2,000, and figurine sales will increase to 1,000 units. What…
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Multiple-Product Breakeven Parker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labor; hence, there are no traceable fixed costs. Common fixed cost equals $38,400. Parker's accountant has begun to assess the profitability of the two lines and has gathered the following data for last year: Vases Figurines Price $40 $70 Variable cost 30 42 Contribution margin $10 $28 Number of units 1,000 500 Required: If required, round your final answers to nearest whole value. 1. Compute the number of vases and the number of figurines that must be sold for the company to break even. Break-even vases fill in the blank 1 units Break-even figurines fill in the blank 2 units 2. Parker Pottery is considering upgrading its factory to improve the quality of its products. The upgrade will add $5,280 per year to total fixed cost. If the upgrade is successful, the projected sales of vases will be 2,000, and figurine…
cakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=D&inprogress=false Shamrock Inc. plans to sell 3,000 Irish sweaters for $200 each in the coming year. Product costs include: Direct materials per sweater $40 Direct labor per sweater 10 Variable overhead per sweater 15 Total fixed factory overhead $20,000 Variable selling expenses are $5 per sweater, and fixed selling and administrative expenses total $12,000. Required: A. Calculate the total variable cost per unit. B. Calculate the total fixed expenses for the year. C. Prepare a contribution margin income statement for Shamrock Inc. for the coming year. Shamrock Inc. Contribution Margin Income Statement For the Coming Year Previo Su