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can someone how show me how to do breakeven sale (C.)? Thanks you Sandhill Monograms sells stadium blankets that have been monogrammed with high school
can someone how show me how to do breakeven sale (C.)? Thanks you
Sandhill Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 2,100 schools. Sandhill's variable costs are 41% of sales; fixed costs are $118,000 per month (21) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38 38%.) Contribution margin ratio 59 % e Textbook and Media Attempts: 1 of 12 used (22) Your answer is correct. What is Sandhill's annual breakeven point in sales dollars? (Use the rounded contribution margin ratio calcuated in the previous part to compute breakeven sales.) Breakeven sales $ 2400000 Your answer is correct. Sandhill currently sells 100,000 blankets per year. If sales volume were to increase by 17%, by how much would operating income increase? (Round answer to O decimal places, eg. 5,275.) Operating income $ 501500 e Textbook and Media Attempts: 1 of 12 used Your answer is incorrect. Assume that variable costs increase to 47% of the current sales price and fixed costs increase by $10,000 per month. If Sandhill were to raise its sales price by 11% to cover these new costs, what would be the new annual breakeven point in sales dollars? (Round sales price to 2 decimal places, eg. 52.75 and final answer to 0 decimal places, eg. 5,275.) Breakeven sales >Step by Step Solution
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