Answered step by step
Verified Expert Solution
Question
1 Approved Answer
DO DO co DOD RO d DOO 2 2 esi 24. Mini Car Toy Company makes two products: Big Cars Little Cars Sales price $30
DO DO co DOD RO d DOO 2 2 esi 24. Mini Car Toy Company makes two products: Big Cars Little Cars Sales price $30 $18 Variable cost per unit (12) Contribution margin $18 (8) $10 Annual fixed costs are expected to be $592,000. The relative sales mix of the products is 60% for Big Cars and 40% for Little Cars. How many units (Big Cars and Little Cars combined) must Mini Car Toy Company sell to break-even? A. 95,000 B. 90,000 C. 60,000 D. 40,000 25. Assume the following: Unit selling price $85 Unit variable costs $40 Annual fixed costs $630,000 Expected units to be sold 20,000 The margin of safety in units is: A. 6,000 B. 8,000 C. 10,000 D. 14,000
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