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…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Problem 1 The M/S Smooth flow Company manufactures a certain fountain pen. The fixed costs of the company are RO.300,000 per year. The unit selling price (net) is RO.8 and the unit variable cost is RO.5. At present the firm manufactures and sells 140,000 fountain pens. Determine: (i) Break Even Quantity (ii) Break Even Sales (iii) Margin of Safety In terms of units In terms of value (iv)Plot the Break Even Chart
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
Question C
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Question Content Area Multiple-Product Break-Even and Target Profit Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 70,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $62 $14 Unit variable cost $11 $8 Direct fixed cost $25,200 $47,000 Common fixed selling and administrative expenses total $70,000. Required: Question Content Area 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)?Sales mix of ceiling fans to table fans = fill in the blank 614f11ff0fb7fcb_1 : fill in the blank 614f11ff0fb7fcb_2 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number.…
3. Elmwood Pinecone sells fake Christmas trees with a selling price of $75 and variable costs per unit of $30. The company’s monthly fixed expenses are $22,500. The following names are to be considered when completing this problem: Operating Income Variable Costs Sales Fixed Costs per Unit Selling Price per Unit Variable Cost per Unit Contribution Margin Fixed Costs Operating Loss What is the Elmwood’s break-even point in units? . Use commas as needed (i.e. 1,234). What is the Elmwood’s break-even point in dollars? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Using the names listed above, construct a contribution margin income statement for the month of November when they will sell 900 units. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Elmwood Pinecone Contribution Margin Income Statement For the Month of November ? ? ? ? ? ? ? ? ? ? How many trees will Elmwood need to sell…
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Please do not give solution in image format thanku
Break-Even in Units Gelbart Company manufactures gas grills. Fixed costs amount to $35,344,400 per year. Variable costs per gas grill are $490, and the average price per gas grill is $1,400. Required: 1. How many gas grills must Gelbart Company sell to break even? х дas grills 2. If Gelbart Company sells 42,365 gas grills in a year, what is the operating income? 3. If Gelbart Company's variable costs increase to $518 per grill while the price and fixed costs remain unchanged, what is the new break-even point? If required, round your answer to the nearest whole number. X gas grills

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