Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. Sales mix and CVP Analysis (2.5pts): K-9s Companions, Inc. produces and sells three different sizes of dog beds: Small, Medium, and Large. Monthly information

image text in transcribed
3. Sales mix and CVP Analysis (2.5pts): K-9s Companions, Inc. produces and sells three different sizes of dog beds: Small, Medium, and Large. Monthly information regarding the three sizes of beds are shown below: Total Fixed Costs (FC) per month for the entire firm: $310,600 Answer each of the following questions (you must show all of your work); 0.5 pts each calculation: a. Determine the sales mix percentage (\%) for each the sizes of dog bed. b. Determine the contribution margin (CM) per unit for each of the sizes of dog bed. c. Calculate the weighted average contribution margin (WACM) per unit (round your final answer to the nearest cent, i.e. to two decimal places, such as \$91.44). d. Calculate the total number of dog beds that K-9s Companion's must sell per month to break-even. Round up to the nearest whole unit. e. Based on sales mix, calculate the number of units of each type of dog bed that would be sold per month at the firm's break-even point. Round up to the nearest whole unit. OVER >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey of Accounting

Authors: Carl S. Warren

7th edition

1285974360, 1285183487, 9781285974361, 978-1285183480

More Books

Students also viewed these Accounting questions

Question

Methods of Delivery Guidelines for

Answered: 1 week ago