Multiple-Product Break-evenAndrews Sporting Goods, Inc., produces and sells children's softball mitts: vinyl mitts and basic leather mitts. Last year, Andrews sold 13,620vinyl mitts and 4,540 leather mitts. Information on the two products is as follows:Vinyl Mitts Leather MittsPrice$7.803:1Variable cost per unitTotal 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?$24.803.7015.202. Compute the break-even quantity of each product.The break-even quantity for vinyl mitts is [The break-even quantity for leather mitts is

The break even sales are the sales where business earns no profit or loss during the period. The…

Answered: Multiple-Product Break-even Andrews…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Sales mix and break-even sales Rosenberg Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $145,600, and the sales mix is 80% bats and 20% gloves. The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost $40 $30 60 100 Bats Gloves a. Compute the break-even sales (units) for the overall company's mix of product, M. units b. How many units of each product, baseball bats and baseball gloves, would be sold at the break-even point? Baseball bats units Baseball gloves units
Pharoah Springs produces and sells water filtration systems for homeowners. Information regarding its three models is shown below. Basic Basic Plus Premium Total Units sold 935 510 255 1,700 Selling price $250 $430 $840 Variable cost $195 $285 $410 The company's total fixed costs to produce the filtration systems are $176,960. (a) (b) (c) (d) Determine the number of units of each model that the company must sell to break even. Basic Basic Plus Premium Break-even units units eTextbook and Media Save for Later units units Attempts: 0 of 3 used Submit Answer
Porta Company is a retaler of hammers. Portia pays $3.75 for each hammer and sells them for $8.45. Monthly fixed costs are $32,900. The hammer cost is the only variable cost 20 e What is the contribution margin per unit? (Round your answer to 2 declmal places.) per unit b. What is the break-even paint in units? (Do not round Intermediate calculations.) SaCr Pait units C How many unts wil Porta need to sell to earm target profit of $25,850? (Do not round intermetiete calculetions) Nuber of Un
Contribution Margin, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Zebra Company manufactures custom-designed skins (covers) for iPods® and other portable MP3 devices. Variable costs are $8.40 per custom skin, the price is $12, and fixed costs are $105,840. Required: 1. What is the contribution margin for one custom skin? Round your answer to the nearest cent.$fill in the blank 1 per custom skin 2. How many custom skins must Zebra Company sell to break even? fill in the blank 2 custom skins 3. If Zebra Company sells 30,000 custom skins, what is the operating income?$fill in the blank 3 4. Calculate the margin of safety in units and in sales revenue if 30,000 custom skins are sold. Margin of safety in units fill in the blank 4 units Margin of safety in sales revenue $fill in the blank 5
Salvador Manufacturing builds and sells snowboards, skis and poles. The sales price and variable cost for each are shown: Salvador Manufacturing data Product Selling price per unit Variable cost per unit Snowboards $301 $175 Skis 455 204 Poles 79 44 Their sales mix is reflected in the ratio 8:2:8. If annual fixed costs shared by the three products are $136,431, how many composite units will need to be sold in order for Salvador to break even?
Sales Mix and Break-Even Sales Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $223,600, and the sales mix is 60% bats and 40% gloves. The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost Bats $50 $40 Gloves 130 80 a. Compute the break-even sales (units) for both products combined.fill in the blank 1 units b. How many units of each product, baseball bats and baseball gloves, would be sold at break-even point? Baseball bats fill in the blank 2 units Baseball gloves fill in the blank 3
Concord Hills Ltd. issued five-year bonds with a face value of $180,000 on January 1. The bonds have a coupon interest rate of 5% and interest is paid semi-annually on June 30 and December 31. The market interest rate was 3% when the bonds were issued at a price of 109. Determine the balance in the Bonds Payable account immediately following the first interest payment. Balance in bonds payable account
Multiple-Product Break-even, Break-Even Sales Revenue Andrews Sporting Goods, Inc., produces and sells children's softball mitts: vinyl mitts and basic leather mitts. Last year, Andrews sold 24,000 vinyl mitts and 12,000 leather mitts. Information on the two products is as follows: Vinyl Mitts Leather Mitts Price $10 $16 Variable cost per unit 6 10 Total fixed cost is $93,500. Required: (Round break-even packages to four significant digits and break-even units to the nearest whole unit.) Download Excel spreadsheet < 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
Subject: acounting
Please help. Thanks!
Sales Mix and Break-Even Sales Home Run Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $464,000, and the sales mix is 80% bats and 20% gloves. The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost Bats $80 $60 Gloves 200 120 a. Compute the break-even sales (units) for the overall product, E.fill in the blank 1 units b. How many units of each product, baseball bats and baseball gloves, would be sold at the break-even point? Baseball bats fill in the blank 2 units Baseball gloves fill in the blank 3 units
Sales Mix and Break-Even Sales Home Run Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $397,800, and the sales mix is 40% bats and 60% gloves. The unit selling price and the unit variable cost for each product are as follows: Unit Selling Price Unit Variable Cost Products Bats $50 130 $40 80 Gloves a. Compute the break-even sales (units) for the overall product, E. units b. How many units of each product, baseball bats and baseball gloves, would be sold at the break-even point? Baseball bats Baseball gloves units units

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS