Current Attempt in ProgressSheridan Company sells two types of soccer jerseys: Deluxe and Superior. The following table shows the sales price and unit variablecosts for each jersey. Sheridan Company incurs 184,000 a year in fixed costs. Assume the store has a sales mix of three Deluxe jerseysfor every Superior jersey sold.ТуреSales PriceVariable CostContribution MarginDeluxe$18.00$14.00$4.00Superior26.0018.008.00(a)Your answer is incorrect.How many jerseys of each type will be sold at the breakeven point? (Round answers to 0 decimal places, e.g. 25,000.)DeluxeSuperior

Answered: Sheridan Company sells two types of…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29BEB: Sales Needed to Earn Target Income Chillmax Company plans to sell 3,500 pairs of shoes at 60 each in...

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Current Attempt in Progress
Sheridan Company sells two types of soccer jerseys: Deluxe and Superior. The following table shows the sales price and unit variable
costs for each jersey. Sheridan Company incurs 184,000 a year in fixed costs. Assume the store has a sales mix of three Deluxe jerseys
for every Superior jersey sold.
Туре
Sales Price
Variable Cost
Contribution Margin
Deluxe
$18.00
$14.00
$4.00
Superior
26.00
18.00
8.00
(a)
Your answer is incorrect.
How many jerseys of each type will be sold at the breakeven point? (Round answers to 0 decimal places, e.g. 25,000.)
Deluxe
Superior

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The break-even point (BEP) is an accounting term referring to the point at which a company's revenues and expenses equal each other during a given accounting period. It denotes that the company had no net profits or losses – it had "broken even." BEP can also refer to the revenues required to cover the expenses incurred during a specific period.

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