Sheridan Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Sales mix is determined based upon total units sold. Unit selling price Unit variable costs Unit contribution margin Sales mix Fixed costs are $723,800. eTextbook and Media (a2) Pairs of Shoes Your answer is correct. $102 61 $41 $20 30 % 40 % Pairs of Gloves $31 11 Your answer is correct. Break-even point Calculate weighted-average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.) Weighted-average unit contribution margin $ Compute the break-even point in units for the company. Range- Finder 22000 units $242 200 $42 85 30 % 32.90 Attempts: 1 of 3 used
Sheridan Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Sales mix is determined based upon total units sold. Unit selling price Unit variable costs Unit contribution margin Sales mix Fixed costs are $723,800. eTextbook and Media (a2) Pairs of Shoes Your answer is correct. $102 61 $41 $20 30 % 40 % Pairs of Gloves $31 11 Your answer is correct. Break-even point Calculate weighted-average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.) Weighted-average unit contribution margin $ Compute the break-even point in units for the company. Range- Finder 22000 units $242 200 $42 85 30 % 32.90 Attempts: 1 of 3 used
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Sheridan Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost
and sales data. Sales mix is determined based upon total units sold.
Unit selling price
Unit variable costs
Unit contribution margin
Sales mix
Fixed costs are $723,800.
eTextbook and Media
(a2)
Pairs of
Shoes
$102
61
$41
8
Your answer is correct.
Break-even point
30 %
Your answer is correct.
Compute the break-even point in
Pairs of
Gloves
$31
11
$20
8
Calculate weighted-average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.)
Weighted-average unit contribution margin $
40 %
for the company.
Range-
Finder
22000 units
$242
200
$42
30 %
32.90
Attempts: 1 of 3 used
Transcribed Image Text:(b)
Your answer is correct.
Determine the number of units to be sold at the break-even point for each product line.
Shoes
Gloves
Range Finders
(c)
Break-even point in units
6600
8800
6600
pairs of shoes
pairs of gloves
range-finders
Verify that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income.
SheridanGolf Accessories
CVP Income Statement
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