Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chelonia Ltd manufactures robot toys. It plans to introduce three products, the RoboCat, the RoboDog and the RoboFish, with the following characteristics: RoboCat RoboDog RoboFish

image text in transcribedimage text in transcribed

Chelonia Ltd manufactures robot toys. It plans to introduce three products, the RoboCat, the RoboDog and the RoboFish, with the following characteristics: RoboCat RoboDog RoboFish Expected Sales Mix 45.0 % 26.0 % 29.0 % Sales Price $ 112 $ 141 $ 69 Variable Cost $ 42 $ 83 $ 17 The company faces fixed costs of $ 143, 052 and is targeting an after-tax profit of $ 425,000 under a tax rate of 34.0 percent. Part A: Calculate the weighted average contribution margin per unit: $ . (Round your answer to 2 decimals.) Part B: Calculate the total number of robot toys Chelonia Ltd has to sell to break even. Calculate the total number of each product Chelonia Ltd has to sell to break even. Number of RoboCats: Number of RoboDogs: Number of RoboFishs: Part C: Calculate the total number of each product Chelonia Ltd has to sell to achieve their profit target. Number of RoboCats: Number of RoboDogs: Number of RoboFishs: Part D: Calculate the margin of safety in units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Futures And Options Markets

Authors: John C. Hull

8th Global Edition

1292155035, 9781292155036

More Books

Students also viewed these Finance questions

Question

What is behavioral finance?

Answered: 1 week ago

Question

Identify ways that country culture influences global business.

Answered: 1 week ago

Question

Define human resource ethics.

Answered: 1 week ago

Question

Describe the human resource management profession.

Answered: 1 week ago