AutoSave OFF A A CG9 . w- PS Homework #9_Spring 2023 - Saved to my Mac Home Insert Draw Design Layout References Mailings Review View ? Tell me Comments Editing LE Share Calibri (Bo... 11 AA Aav AL AaBbCcDdE AaBbCcDdE AaBbCcD AaBbCcDdEE AaBb( Paste BI Uv ab X2 Av LAV Norma No Spacing Heading Heading 2 Title Styles Dictate Sensitivity Editor Pane Deadline: you must submit this assignment electronically via Canvas using the submission link I have provided in the module by 11:59pm, Sunday 4/2. Make sure your name, your TA's name, and your discussion section time are clearly indicated on your submission to ensure you receive credit. 1. CVP Analysis; Contribution Margin (CM); Break-even point (3pts): GoalGoalGoal, Inc. manufactures soccer cleats that are all sold at the same price. Suppose the firm is currently selling 20,000 pairs of soccer cleats per month. The following data pertains to this firm: Per pair of Per month: soccer cleats: Selling price: $180.00 Manufacturing costs: Variable Manufacturing costs (DM, DL, VarOH) $114.00 Fixed Manufacturing costs (FixedOH) $301,500 Non-manufacturing costs: Variable selling and administrative costs $12.00 Fixed selling and administrative costs: Administrative salaries $27,900 Main office Rent $3,050 Main office depreciation $181,350 Advertising costs $55,750 a. Calculate the firm's Contribution Margin (CM) per pair of soccer cleats (0.5pts). b. Calculate the firm's CM Ratio. Round your answer to the nearest hundredth (i.e. two decimal places, such as 76.80%). (0.5pts) c. Calculate the number of pairs of soccer cleats the firm will need to sell per month in order to break even (i.e. calculate the break-even point in units). Round your answer up to the nearest whole unit if necessary. (0.5pts) d. Assume the company's target profit for the month is $320,000. Determine the number of pairs of soccer cleats the firm will need to sell per month to attain this target profit. Round your answer up to the nearest whole unit if necessary. (0.5pts) e. Prepare a Contribution Margin Income Statement for the month ended 3/31/2023 at the current sales volume of 20,000 pairs of soccer cleats (see text/e-text exhibits 5.13 & 5.19 for examples). Make sure to include a proper heading and use proper formatting. (1pt) Page 1 of 3 772 words English (United States) Accessibility: Investigate Focus E + 113%AutoSave . or; Home Insert Page 2 of 3 60 Draw 772 words @F) '3 PS Homework #9_Spring 2023 Saved to my Mac Design Layout References Mailings Review View Q Tell me [13 English (United States) D Comments AaBchDdE AaBchDdEl AaBchDc AaBchDdEE aB > Q] Normal NO 503C Head 91 Head 92 Title Styles Dictate Dead you must submit this assignment electronically via Canvas using the submission link i have provided in the module by 11:59pm, Sunday 4/1. Make sure your name, your TA's name, and your discussion section time are clearly indicated on your submission to ensure you receive credit. 2. CVP analysis; break-even (4.5pts): Zintendo, Inc., produces and sells a single product, the Zintendo Stitch gaming console. The firm's Contribution Margin Income Statement for the month follows. Assume the firm's sales volume for the month ended 2/28/2023 was 950,000 units. Zintendo, Inc. Contribution Margin Income Statement For the month ended 2/28/2023 _2 $107 350 000 $176,700,000 5131 670 000 545,0 000 Part A (1.5pts total; .Spts each calculation 1) Calculate the rm's Contribution Margin (CM) per unit. (0.5pts) 2) Calculate the number of gaming consoles the firm will need to sell per month in order to break even (i.e. calculate the break-even point in units). Round your answer up to the nearest whole unit if necessary. (0.5pts) 3) Assume the company's target income for the upcoming month is $60,000,000. Determine the unit sales needed per month to attain this target income. Round your answer up to the nearest whole unit if necessary. (0.5pts) Part B (3pts total; 1p! each income statement): Prepare contribution margin income statements for each of the three separate cases below. The current sales volume for the mon ended 2/28/2023 is 950,000 gaming consoles. 1) \"What if" #1? Suppose the number of units produced a d sold increases to 975,000 units per month and total xed costs increase by 35,10 000 (assume all other variables stay the same) per month. "What if" #2? Return to the original data. Suppose instead the unit selling price per unit decreases by 5% and the number of units produced and sold (i.e. sales volume) increases by 10% (assume all other variables stay the same). "What if\" #3? Return to the original data. Suppose instead that units produced and sold decreases to 925,000 gaming consoles per month, total xed costs decrease by $4,000,000 per month, price per unit increases by $20 per unit, and variable costs per unit increase by $15 per unit. 77>? Accessibility: investigate E] Focus Pane / Editing + 113% AutoSave OFF A A CG9 . w- PS Homework #9_Spring 2023 - Saved to my Mac Home Insert Draw Design Layout References Mailings Review View Tell me Comments Editing LE Share Calibri (Bo... 11 AA Aav FE AL AaBbCcDdE AaBbCcDdE Aa BbCcD AaBbCcDdEE AaBb( Paste BI Uv ab X2 Av LAV Norma No Spacing Heading 1 Heading 2 Title Styles Dictate Sensitivity Editor Pane Deadline: you must submit this assignment electronically via Canvas using the submission link I have provided in the module by 11:59pm, Sunday 4/2. Make sure your name, your TA's name, and your discussion section time are clearly indicated on your submission to ensure you receive credit. 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: Small Medium Large Sales volume (# dog beds 4,750 6,750 8,500 Price per unit $45 $60 $70 VC per unit $29 $40 $46 |Total Fixed Costs (FC) per month for the entire firm: $232,400 Answer each of the following questions (you must show all of your work); 0.5pts 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. 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 if necessary. 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 if necessary. ET Page 3 of 3 772 words X English (United States) Accessibility: Investigate Focus + 113%