PackageUnitUnitUnitVariableContributionSalesContributionProductPriceCostMarginMixMarginShoes$CarryallPackage total$2. Calculate the break-even point in units for pairs of shoes and for carryalls.Break-Even Pairs of ShoesunitsBreak-Even Carryallsunits3. Check your answer by preparing a contribution margin income statement. Enter all amounts as positive value.Chillmax CompanyContribution Margin Income StatementAt Break-Even Point in Units for a Multiple-Product FirmTotalSales$4Total variable costTotal contribution marginTotal fixed costOperating income Break-Even Point in Units for a Multiple-Product FirmSuppose 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 carryallsare 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 andadministrative 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.PackageUnitUnitUnitVariableContributionSalesContributionProductPriceCostMarginMixMarginShoesCarryallPackage total2. Calculate the break-even point in units for pairs of shoes and for carryalls.Break-Even Pairs of ShoesunitsBreak-Even Carryallsunits3. Check your answer by preparing a contribution margin income statement. Enter all amounts as positive value.Chillmax CompanyContribution Margin Income StatementAt Break-Even Point in Units for a Multiple-Product FirmTotal

Break even point means where there is no profit no loss. Variable cost means the cost which vary…

Unit Unit Unit Variable Contribution Sales Contribution Product Price Cost Margin Mix Margin %3D %3D 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 Contribution Margin Income Statement At Break-Even Point in Units for a Multiple-Product Firm Total Sales Total variable cost Total contribution margin Total fixed cost Operating income

Unit Unit Unit Variable Contribution Sales Contribution Product Price Cost Margin Mix Margin %3D %3D 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 Contribution Margin Income Statement At Break-Even Point in Units for a Multiple-Product Firm Total Sales Total variable cost Total contribution margin Total fixed cost Operating income

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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Variable Cost Concept of Product Pricing Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 4,500 units of cellular phones are as follows: Variable costs: Fixed costs: Direct materials $ 90 per unit Factory overhead $223,800 Direct labor 41 Selling and admin. exp. 78,600 Factory overhead 27 Selling and admin. exp. 22 Total $180 per unit Smart Stream wants a profit equal to a 15% rate of return on invested assets of $630,000. a. Determine the variable costs and the variable cost amount per unit for the production and sale of 4,500 units of cellular phones. Round to two decimal places. Total variable costs $fill in the blank 1 Variable cost amount per unit $fill in the blank 2 b. Determine the variable cost markup percentage for cellular phones.fill in the blank 3 % c. Determine the selling price of cellular phones. Round to…
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