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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
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