Question
4 Finish attempt Starting from January 1, 2024, Take-No-Pictures Mitch Limited will produce and sell two products. The key financial information related to these two
4 Finish attempt Starting from January 1, 2024, Take-No-Pictures Mitch Limited will produce and sell two products. The key financial information related to these two products are as follows: Quiz navigation Activity Bricks Wood Panels t of #Units to be produced and sold in 2024 40,000 60,000 Selling Price $140.00 $110.00 Direct Material (per unit) $15.00 $22.00 Direct Labour (per unit) $22.00 $5.00 Variable Manufacturing Overhead (per unit) $14.00 Fixed Manufacturing Overhead (total) $800,000 $12.00 $1,500,000 The sales mix ratio (percentage) is 2:3 (40 % :60%). Required: 1. Determine the number of units to be sold at the breakeven point. 2. Determine the revenue at the breakeven point. 3. Assume the company wishes to achieve a net profit of $7,500,000. Determine the number of units to be sold to achieve that level of net profit. 4. Assume the company wishes to achieve a net profit of $9,800,000. Determine the revenue to be achieved that gives that level of net profit. If you require blank MS Excel space to prepare your answer click on the following link: Blank MS Excel File Remember any answer prepared in the MS Excel space must be 'cut and pasted' in the answer space below. R
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