Multiple-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 24,000 vinyl mitts and 12,000leather mitts. Information on the two products is as follows:Vinyl Mitts Leather MittsPrice$10$16Variable cost per unit610Total 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 isThe break-even quantity for leather mitts is

CVP analysis is used to identify the changes in costs and volume affect a company's operating…

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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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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
Contribution Margin, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Cheetah Company manufactures custom-designed skins (covers) for iPods® and other portable MP3 devices. Variable costs are $11.70 per custom skin, the price is $18, and fixed costs are $152,460. Required: 1. What is the contribution margin for one custom skin? Round your answer to the nearest cent. per custom skin 2. How many custom skins must Cheetah Company sell to break even? custom skins 3. If Cheetah Company sells 25,000 custom skins, what is the operating income? 4. Calculate the margin of safety in units and in sales revenue if 25,000 custom skins are sold. = Margin of safety in units Margin of safety in sales revenue units
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Sales Mix and Break-Even Sales Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $1,008,000, and the sales mix is 20% bats and 80% gloves. The unit selling price and the unit variable cost for each product are as Dragon follows: Unit Selling Price $70 180 a. Compute the break-even sales (units) for the overall enterprise product, E. units Products Unit Variable Cost Bats Gloves $50 110 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
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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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
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.…
Break-Even Point in Units for a Multiple-Product Firm Suppose that Chillmax Company now sells both pairs of shoes and fabric carryalls. The pairs of shoes are priced at $60 and have variable costs of $21 each. The carryalls are priced at $36 and have variable costs of $9 each. Total fixed cost for Chillmax as a whole equals $91,500 (includes all fixed factory overhead and fixed selling and administrative expense). Next year, Chillmax expects to sell 3,500 pairs of shoes and 875 carryalls. Required: 1. Form a package of shoes and carryalls based on the sales mix expected for the coming year. Package Unit Unit Unit Variable Contribution Sales Contribution Product Price Cost Margin Mix Margin Shoes Carryall Package total 2. Calculate the break-even point in units for pairs of shoes and for carryalls. Break-Even Pairs of Shoes units Break-Even Carryalls units 3. Check your answer by preparing a contribution margin income statement. Enter all amounts as positive value. Chillmax Company…
Variable Cost, Fixed Cost, Contribution Margin Income Statement Chillmax Company plans to sell 3,500 pairs of casual shoes at $60 each in the coming year. Product costs include: Direct materials per pair $ 12 Direct labor per pair 4 Variable factory overhead per pair Total fixed factory overhead 30,000 Variable selling expense is a commission of $3 per pair; fixed selling and administrative expense totals $48,000. Required: 1. Calculate the total variable cost per unit. $ 2. Calculate the total fixed expense for the year. $ 3. Prepare a contribution margin income statement for Chillmax Company for the coming year. Enter all amounts as a positive number. Chillmax Company Contribution Margin Income Statement For the Coming Year Total Per Unit Sales 2$ Total variable cost Total contribution margin $ Total fixed cost Operating income
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

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