Baird Company produces two products. Budgeted annual income statements for the two products are provided as follows. Power Lite Total Budgeted Per Budgeted Budgeted Per Budgeted Budgeted Budgeted Number Unit Amount Number Unit Amount Number Amount Sales 360 @ $ 520 $ 187,200 540 @ $ 500 $ 270,000 900 $ 457,200 Variable cost 360 @ 320 (115,200) 540 @ 300 (162,000) 900 (277,200) Contribution margin 360 200 72,000 540 @ 200 108,000 900 180,000 Fixed cost (10,000) (90,000) (100,000) Net income $ 62,000 $ 18,000 $ 80,000 = = Required: a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted average contribution margin per unit. c. Calculate the break-even point in total number of units. d. Determine the number of units of each product Baird must sell to break even. e. Verify the break-even point by preparing an income statement for each product as well as an income statement for the combined products. f. Determine the margin of safety based on the combined sales of the two products. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required F Based on budgeted sales, determine the relative sales mix between the two products. % Relative percentage for Power Relative percentage for Lite Baird Company produces two products. Budgeted annual income statements for the two products are provided as follows. Power Lite Total Budgeted Per Budgeted Budgeted Per Budgeted Budgeted Budgeted Number Unit Amount Number Unit Amount Number Amount Sales 360 @ $ 520 = $ 187,200 540 @ $ 500 - $ 270,000 900 $ 457,200 Variable cost 360 @ 320 (115,200) 540 @ 300 (162,000) 900 (277,200) Contribution margin 360 @ 200 72,000 540 @ 200 108,000 900 180,000 Fixed cost (10,000) (90,000) (100,000) Net income $ 62,000 $ 18,000 $ 80,000 = = Required: a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted average contribution margin per unit. c. Calculate the break-even point in total number of units. d. Determine the number of units of each product Baird must sell to break even. e. Verify the break-even point by preparing an income statement for each product as well as an income statement for the combined products. f. Determine the margin of safety based on the combined sales of the two products. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Determine the weighted average contribution margin per unit. Weighted average contribution margin per unit Baird Company produces two products. Budgeted annual income statements for the two products are provided as follows. Power Lite Total Budgeted Per Budgeted Budgeted Per Budgeted Budgeted Budgeted Number Unit Amount Number Unit Amount Number Amount Sales 360 @ $ 520 = $ 187,200 540 @ $ 500 $ 270,000 900 $ 457,200 Variable cost 360 @ 320 (115,200) 540 300 (162,000) (277,200) Contribution margin 360 @ 200 72,000 540 200 108,000 900 180,000 Fixed cost (10,000) (90,000) (100,000) Net income $ 62,000 $ 18,000 $ 80,000 = = 900 Required: a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted average contribution margin per unit. c. Calculate the break-even point in total number of units. d. Determine the number of units of each product Baird must sell to break even. e. Verify the break-even point by preparing an income statement for each product as well as an income statement for the combined products. f. Determine the margin of safety based on the combined sales of the two products. Complete this question by entering your answers in the tabs below. Required a Required B Required Required D Required E Required F Calculate the break-even point in total number of units. Break-even point units Baird Company produces two products. Budgeted annual income statements for the two products are provided as follows. Power Lite Total Budgeted Per Budgeted Budgeted Per Budgeted Budgeted Budgeted Number Unit Amount Number Unit Amount Number Amount Sales 360 @ $ 520 = $ 187,200 540 @ $ 500 $ 270,000 900 $ 457,200 Variable cost 360 @ 320 (115,200) 540 @ 300 (162,000) 900 (277,200) Contribution margin 360 @ 200 72,000 540 @ 200 108,000 900 180,000 Fixed cost (10,000) (90,000) (100,000) Net income $ 62,000 $ 18,000 $ 80,000 = Required: a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted average contribution margin per unit. c. Calculate the break-even point in total number of units. d. Determine the number of units of each product Baird must sell to break even. e. Verify the break-even point by preparing an income statement for each product as well as an income statement for the combined products. f. Determine the margin of safety based on the combined sales of the two products. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required F Determine the number of units of each product Baird must sell to break even. Required sales for Power Required sales for Lite units units Baird Company produces two products. Budgeted annual income statements for the two products are provided as follows. Power Lite Total Budgeted Per Budgeted Budgeted Per Budgeted Budgeted Budgeted Number Unit Amount Number Unit Amount Number Amount Sales 360 @ $ 520 $ 187,200 540 @ $ 500 $ 270,000 900 $ 457,200 Variable cost 360 @ 320 (115,200) 540 @ 300 (162,000) 900 (277,200) Contribution margin @ 200 72,000 540 @ 200 108,000 900 180,000 Fixed cost (10,000) (90,000) (100,000) Net income $ 62,000 $ 18,000 $ 80,000 = = 360 Required: a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted average contribution margin per unit. c. Calculate the break-even point in total number of units. d. Determine the number of units of each product Baird must sell to break even. e. Verify the break-even point by preparing an income statement for each product as well as an income statement for the combined products. f. Determine the margin of safety based on the combined sales of the two products. Complete this question by entering your answers in the tabs below. Required a Required B Required Required D Required E Required F Verify the break-even point by preparing an income statement for each product as well as an income statement for the combined products. Power Lite Total Sales Variable costs Contribution margin Fixed cost Net income (Loss) Baird Company produces two products. Budgeted annual income statements for the two products are provided as follows. Power Lite Total Budgeted Per Budgeted Budgeted Per Budgeted Budgeted Budgeted Number Unit Amount Number Unit Amount Number Amount Sales 360 @ $ 520 = $ 187,200 540 @ $ 500 - $ 270,000 900 $ 457,200 Variable cost 360 @ 320 = (115,200) 540 @ 300 (162,000) 900 (277,200) Contribution margin 360 @ 200 72,000 540 @ 200 108,000 900 180,000 Fixed cost (10,000) (90,000) (100,000) Net income $ 62,000 $ 18,000 $ 80,000 Required: a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted average contribution margin per unit. c. Calculate the break-even point in total number of units. d. Determine the number of units of each product Baird must sell to break even. e. Verify the break-even point by preparing an income statement for each product as well as an income statement for the combined products. f. Determine the margin of safety based on the combined sales of the two products. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Determine the margin of safety based on the combined sales of the two products. (Round your answer to 1 decimal place. (i.e., 0.234 should be entered as 23.4)) Margin of safety %