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Assignment 4 - Multi product CVP Tony's Piano shop sels 3 types of Keyboards to musicians Yamaha and Casio and Sharp Information relating to the

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Assignment 4 - Multi product CVP Tony's Piano shop sels 3 types of Keyboards to musicians Yamaha and Casio and Sharp Information relating to the three products for the next month follows: Yamaha Casio Sharp Expected sales (units) 1,000 400 200 Sales price $1,500 $120 $200 $80 $600 $50 Variable cost CM FC NET PROFIT The company has monthly fixed costs of $100,000 and a tax rate of 20% Required: a.) Compute the company's expected profit (net income) for the upcoming fiscal period. b.) Compute the company's sales mix C.) Assuming a consistent sales mix, how many units of each product type must the company sell to break even? d.) Assuming a consistent sales mix, if the company wishes to earn monthly net income of $250,000, how many units of each product type must be sold? e.) Compute the margin of safety in both dollar and percentage terms. formula 1.) If Selling prices go up by 20% what is the new Net Profit and break even point. separate calculation on tables

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