Oriole Company sells two types of soccer jerseys: Deluxe and Superior. The following table shows the sales price and unit variable costs for each jersey. Oriole Company incurs 220,000 a year in fixed costs. Assume the store has a sales mix of three Deluxe jerseys for every Superior jersey sold. Type Deluxe Superior (a) (b) Deluxe Superior Sales Price Your answer is correct. $19.00 27.00 Deluxe eTextbook and Media Superior How many jerseys of each type will be sold at the breakeven point? (Round answers to 0 decimal places, e.g. 25,000.) Variable Cost $ $15.00 $ 19.00 33000 Contribution Margin 11000 $4.00 What amount of revenue would need to be generated by each type of jersey for the company to earn $27,500 in operating income? (Round answers to O decimal places, e.g. 25,000.) 8.00 Attempts: 1 of 4 used
Oriole Company sells two types of soccer jerseys: Deluxe and Superior. The following table shows the sales price and unit variable costs for each jersey. Oriole Company incurs 220,000 a year in fixed costs. Assume the store has a sales mix of three Deluxe jerseys for every Superior jersey sold. Type Deluxe Superior (a) (b) Deluxe Superior Sales Price Your answer is correct. $19.00 27.00 Deluxe eTextbook and Media Superior How many jerseys of each type will be sold at the breakeven point? (Round answers to 0 decimal places, e.g. 25,000.) Variable Cost $ $15.00 $ 19.00 33000 Contribution Margin 11000 $4.00 What amount of revenue would need to be generated by each type of jersey for the company to earn $27,500 in operating income? (Round answers to O decimal places, e.g. 25,000.) 8.00 Attempts: 1 of 4 used
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Oriole Company sells two types of soccer jerseys: Deluxe and Superior. The following table shows the sales price and unit variable
costs for each jersey. Oriole Company incurs 220,000 a year in fixed costs. Assume the store has a sales mix of three Deluxe jerseys for
every Superior jersey sold.
Type
Deluxe
Superior
(a)
Deluxe
Superior
(b)
Sales Price
$19.00
Your answer is correct.
27.00
Deluxe
eTextbook and Media
Variable Cost
How many jerseys of each type will be sold at the breakeven point? (Round answers to O decimal places,
$
$15.00
Superior $
19.00
33000
Contribution Margin
11000
$4.00
8.00
What amount of revenue would need to be generated by each type of jersey for the company to earn $27,500 in operating
income? (Round answers to O decimal places, e.g. 25,000.)
25,000.)
Attempts: 1 of 4 used
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