Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 50,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table FanPrice $52 $15 Unit variable cost $12 $9 Direct fixed cost $25,200 $48,000 Common fixed selling and administrative expenses total $78,000.See screenshots **Multiple-Product Break-Even and Target Profit**Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 50,000 table fans in the coming year. Product price and cost information includes:| | Ceiling Fan | Table Fan ||----------------|-------------|-----------|| Price | $52 | $15 || Unit variable cost | $12 | $9 || Direct fixed cost | $25,200 | $48,000 |Common fixed selling and administrative expenses total $78,000.**Required:**1. **What is the sales mix estimated for next year (calculated to the lowest whole number for each product)?** Sales mix of ceiling fans to table fans = [__] : [__]2. **Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number.** - Break-even ceiling fans [__] - Break-even table fans [__]3. **Prepare a contribution-margin-based income statement for Vandenberg, Inc., based on the unit sales calculated in Requirement 2. If an amount is zero, enter "0". Enter any negative product margin and losses with a minus sign. Do not round intermediate calculations. Round your final answers to nearest dollar.** **Vandenberg, Inc. Contribution-Margin-Income Statement For the Coming Year** - Ceiling Fans [__] - Table Fans [__] **Preparation of Contribution-Margin-Based Income Statement for Vandenberg, Inc.****Objective:**This exercise involves preparing a contribution-margin-based income statement for Vandenberg, Inc. The statement will be based on unit sales calculated in a prior requirement. **Instructions:**1. **Data Entry:** - If an amount is zero, enter "0". - Enter any negative product margin and losses with a minus sign. - Round your final answers to the nearest dollar.**Vandenberg, Inc. Contribution-Margin-Income Statement for the Coming Year:**| | Ceiling Fans | Table Fans | Total ||--------------------|--------------|------------|-------|| | $ | $ | $ || | | | || | | | || | | | || | | | || | | | |**Additional Task:**Calculate the number of ceiling fans and table fans Vandenberg, Inc. must sell to achieve an operating income of $15,600. **Hints:**- Form a package of ceiling fans and table fans based on the sales mix.- Calculate the number of packages required to achieve the desired operating income.- Round your intermediate calculations and final answers to the nearest number.**Requirements:**- **Break-even Ceiling Fans:** __________- **Break-even Table Fans:** __________This exercise is designed to improve your understanding of cost accounting and how contribution-margin impacts business decisions.

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Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 50,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $52 $15 Unit variable cost $12 $9 Direct fixed cost $25,200 $48,000 Common fixed selling and administrative expenses total $78,000. Required: 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)? Sales mix of ceiling fans to table fans = 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number. Break-even ceiling fans Break-even table fans 3. Prepare a contribution-margin-based income statement for Vandenberg, Inc., based on the unit sales calculated in Requirement 2. If an amount zero, enter "0". Enter any negative product margin and losses with a minus sign. Do not round intermediate calculations. Round your final answers to nearest dollar. Vandenberg, Inc. Contribution-Margin-Income Statement

Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 50,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $52 $15 Unit variable cost $12 $9 Direct fixed cost $25,200 $48,000 Common fixed selling and administrative expenses total $78,000. Required: 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)? Sales mix of ceiling fans to table fans = 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number. Break-even ceiling fans Break-even table fans 3. Prepare a contribution-margin-based income statement for Vandenberg, Inc., based on the unit sales calculated in Requirement 2. If an amount zero, enter "0". Enter any negative product margin and losses with a minus sign. Do not round intermediate calculations. Round your final answers to nearest dollar. Vandenberg, Inc. Contribution-Margin-Income Statement

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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ANSWER QUESTIONS 3&4 ONLY!!! Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 60,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $54 $12 Unit variable cost $11 $9 Direct fixed cost $20,800 $41,000 Common fixed selling and administrative expenses total $84,000. Required: 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)?Sales mix of ceiling fans to table fans = ____2___ : ____3______ 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number. Break-even ceiling fans 3070 Break-even table fans 4605 3. Prepare a contribution-margin-based income statement for Vandenberg, Inc.,…
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