InstructionsMultiple-Product Break-even, Break-Even Sales RevenueAndrews Sporting Goods, Inc., produces and sells children's softball mitts: vinyl mitts and basic leather mitts. Last year, Andrews sold 24,000vinyl mitts and 12,000 leather mitts. Information on the two products is as follows:Vinyl Mitts Leather Mitts$16PriceVariable cost per unitTotal fixed cost is $91,200.$10610Suppose that in the coming year, the company plans to produce an autographed mitt. The company estimates that 6,000 autographed mittscan be sold at a price of $19 and a variable cost per unit of $9. Total fixed cost must be increased by $30,400 (making total fixed cost$121,600). Assume that anticipated sales of the other products, as well as their prices and variable costs, remain the same.X1. What is the sales mix of vinyl mitts, leather mitts, and autographed mitts?2:1:4X

Sales mix is the percentage or ratio of various goods or services that a company sells in relation…

Answered: Multiple-Product Break-even, Break-Even…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 16E

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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 fill in the blank 2. The break-even quantity for leather mitts is fill in the blank 3.
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
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S Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban $ 6.00 $2.40 $ 45,000 Product Greengrow $ 7.50 $5.25 $ 21,000 Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed expenses are $33,000. Prev Required: Prepare a contribution format income statement segmented by product lines. Total Company 1 of 4 Product Line Weedban Greengrow Next >
Product Line Elimination Quiet Feet Inc. produces three different types of shoes. Complete the below contribution margin income statement for each product line. Allocate total fixed costs to each shoe type based on units as a percent of total units (i.e. use units sold as the cost driver). Boots Sneakers Sandals Total Sales (units) Price 6,000 50.00 15,000 25.00 4,000 5.00 $ $ $ Sales revenue Variable costs 180,000 315,000 24,000 Contribution margin Fixed costs (all allocated) Operating income What is operating income if Quiet Feet Inc. stopped selling Boots? What is operating income if Quiet Feet Inc. stopped selling Sneakers? What is operating income if Quiet Feet Inc. stopped selling Sandals? What product line (if any) should Quiet Feet Inc. stop producing? Dropdown lists: Yes No Manufacture Outsource None Boots Sneakers Sandals 25,000 519,000 10 W 119,900 Relevant?
Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDS and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDs and 4,500 equipment sets. Information on the two products is as follows: Price DVDs Equipment Sets $8 $25 Variable cost per unit Total fixed cost is $76,250. 15 Suppose that in the coming year, the company plans to produce an extra-thick yoga mat for sale to health clubs. The company estimates that 9,000 mats can be sold at price of $17 and a variable cost per unit of $11. Total fixed cost must be increased by $25,410 (making total fixed cost $101,660). Assume that anticipated sales of the other products, as well as their prices and variable costs, remain the same. Part 1: Sales Mix Instructions and Part 2: Break-Even 1. What is the sales mix of DVDs, equipment sets, and yoga mats? 3:112 2. Compute the break-even quantity of each product.…
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Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDs and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDs and 4,500 equipment sets. Information on the two products is as follows: DVDs Equipment Sets Price $8 $25 Variable cost per unit 4 15 Total fixed cost is $84,920. Suppose that in the coming year, the company plans to produce an extra-thick yoga mat for sale to health clubs. The company estimates that 9,000 mats can be sold at a price of $15 and a variable cost per unit of $9. Total fixed cost must be increased by $28,980 (making total fixed cost $113,900). Assume that anticipated sales of the other products, as well as their prices and variable costs, remain the same. Unless otherwise instructed, round all total dollar figures (e.g., sales, total contribution margin) to the nearest dollar, breakeven or target units to the…
Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDs and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDs and 4,500 equipment sets. Information on the two products is as follows: DVDs Equipment Sets Price $8 $25 Variable cost per unit 4 15 Total fixed cost is $84,920. Suppose that in the coming year, the company plans to produce an extra-thick yoga mat for sale to health clubs. The company estimates that 9,000 mats can be sold at a price of $15 and a variable cost per unit of $9. Total fixed cost must be increased by $28,980 (making total fixed cost $113,900). Assume that anticipated sales of the other products, as well as their prices and variable costs, remain the same. Unless otherwise instructed, round all total dollar figures (e.g., sales, total contribution margin) to the nearest dollar, breakeven or target units to the…

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