Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Crest Canoe Co. produces and distributes three types of oars to accompany its various canoe product lines. Financial information for the past year on these
Crest Canoe Co. produces and distributes three types of oars to accompany its various canoe product lines. Financial information for the past year on these three products is as follows: Price per Unit Units Sold Variable Costs per Unit Fixed Product Costs Total Fixed Selling & Admin Costs Income Tax Rate Paddler $50 4,000 $20 $40,000 Stroker Ace $120 3,000 $50 $60,000 to 2 decimal places, no dollar signs) b. What is the break-even point in sales units Super Driver $400 2,000 $90 $110,000 nearest whole number, no commas. c. What is the current total company gross profit margin dollars, no commas, no dollar signs. Total $304,000 Round ALL percentage calculations to 2 decimals (XX.XX) Assuming that Crest's overall sales mix for its oars remains the same, calculate and provide the following additional information: a. What is the current weighted average contribution margin per unit? 25% Round ? Round answer up to the ? Answer should be
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started