Question
Answers are provided, please show the steps, thanks Swanson Company has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting
Answers are provided, please show the steps, thanks
Swanson Company has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Swanson incurs $6,660,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%.
67. The weighted-average contribution margin ratio is
a. 37%.
68. The break-even point in dollars is
d. $18,000,000.
69. What will sales be for the Sporting Goods Division at the break-even point?
d. $11,700,000
70. What will be the total contribution margin at the break-even point?
b. $6,660,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started