Problem 3-72 (Static) Extensions of the CVP Model-Multiple Products (LO 3-4) Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Flash $ 450 $ 210 5,000 Selling price per watch Variable cost per watch $ 250 $ 170 Expected sales (watches) per year 15,000 The total fixed costs per year for the company are $1,440,000. Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units. c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for Woodland Wearables? Complete this question by entering your answers in the tabs below. Required A Required B What is the anticipated level of profits for the expected sales volumes? Required C Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Flash $ 450 $ 210 5,000 Basic Selling price per watch Variable cost per watch Expected sales (watches) per year The total fixed costs per year for the company are $1,440,000. Required A Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units. Required B c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for Woodland Wearables? Complete this question by entering your answers in the tabs below. Basic Required C $250 $ 170 15,000 What is the anticipated level of profits for the expected sales volumes? Anticipated profit ruan atauies produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Flash $450 $ 210 5,000 Required A Required B Required C Break-even point Selling price per watch Variable cost per watch Expected sales (watches) per year The total fixed costs per year for the company are $1,440,000. Basic Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units. c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for Woodland Wearables? units Complete this question by entering your answers in the tabs below. $ 250 $ 170 15,000 Assuming that the product mix is the same at the break-even point, compute the break-even point in units. Note: Do not round intermediate calculations.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Q 2

Problem 3-72 (Static) Extensions of the CVP Model-Multiple Products (LO 3-4)
Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics:
Selling price per watch
Variable cost per watch
Expected sales (watches) per year
The total fixed costs per year for the company are $1,440,000.
Required A
Required:
a. What is the anticipated level of profits for the expected sales volumes?
b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units.
c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for
Woodland Wearables?
Complete this question by entering your answers in the tabs below.
Required B Required C
Basic
$ 250
$ 170
15,000
What is the anticipated level of profits for the expected sales volumes?
Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics:
Flash
$450
$ 210
5,000
Required A
Selling price per watch
Variable cost per watch
Expected sales (watches) per year
The total fixed costs per year for the company are $1,440,000.
Required B Required C
Basic
Required:
a. What is the anticipated level of profits for the expected sales volumes?
b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units.
c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for
Woodland Wearables?
Flash
$ 450
$ 210
5,000
Complete this question by entering your answers in the tabs below.
$250
$ 170
15,000
Required A Required B Required C
What is the anticipated level of profits for the expected sales volumes?
Anticipated profit
an avies produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics:
units
Basic
Selling price per watch
Variable cost per watch
Expected sales (watches) per year.
The total fixed costs per year for the company are $1,440,000.
Required:
a. What is the anticipated level of profits for the expected sales volumes?
b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units.
c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for
Woodland Wearables?
$ 250
$ 170
15,000
Flash
Complete this question by entering your answers in the tabs below.
$ 450
$ 210
5,000
Assuming that the product mix is the same at the break-even point, compute the break-even point in units.
Note: Do not round intermediate calculations.
Break even poire
Transcribed Image Text:Problem 3-72 (Static) Extensions of the CVP Model-Multiple Products (LO 3-4) Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Selling price per watch Variable cost per watch Expected sales (watches) per year The total fixed costs per year for the company are $1,440,000. Required A Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units. c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for Woodland Wearables? Complete this question by entering your answers in the tabs below. Required B Required C Basic $ 250 $ 170 15,000 What is the anticipated level of profits for the expected sales volumes? Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Flash $450 $ 210 5,000 Required A Selling price per watch Variable cost per watch Expected sales (watches) per year The total fixed costs per year for the company are $1,440,000. Required B Required C Basic Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units. c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for Woodland Wearables? Flash $ 450 $ 210 5,000 Complete this question by entering your answers in the tabs below. $250 $ 170 15,000 Required A Required B Required C What is the anticipated level of profits for the expected sales volumes? Anticipated profit an avies produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: units Basic Selling price per watch Variable cost per watch Expected sales (watches) per year. The total fixed costs per year for the company are $1,440,000. Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units. c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for Woodland Wearables? $ 250 $ 170 15,000 Flash Complete this question by entering your answers in the tabs below. $ 450 $ 210 5,000 Assuming that the product mix is the same at the break-even point, compute the break-even point in units. Note: Do not round intermediate calculations. Break even poire
Required A Required B Required C
Assuming that the product mix is the same at the break-even point, compute the break-even point in units.
Note: Do not round intermediate calculations.
Break-even poire
< Required A
Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics:
Selling price per watch
Variable cost per watch
Expected sales (watches) per year
The total fixed costs per year for the company are $1,440,000.
Required A
Basic
Required B Required C
$ 250
$ 170
15,000
Required C >
Flash
Required:
a. What is the anticipated level of profits for the expected sales volumes?
b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units.
c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for
Woodland Wearables?
units
Complete this question by entering your answers in the tabs below.
$ 450
$ 210
5,000
If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even
volume for Woodland Wearables?
Note: Do not round intermediate calculations.
Break-even point
Transcribed Image Text:Required A Required B Required C Assuming that the product mix is the same at the break-even point, compute the break-even point in units. Note: Do not round intermediate calculations. Break-even poire < Required A Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Selling price per watch Variable cost per watch Expected sales (watches) per year The total fixed costs per year for the company are $1,440,000. Required A Basic Required B Required C $ 250 $ 170 15,000 Required C > Flash Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point in units. c. If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for Woodland Wearables? units Complete this question by entering your answers in the tabs below. $ 450 $ 210 5,000 If the product sales mix were to change to nine Basic watches for each Flash watch, what would be the new break-even volume for Woodland Wearables? Note: Do not round intermediate calculations. Break-even point
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Biases
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education