Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fish Chicken Totals Units 4.000 12.000 16,000 $100,000 Revenue Variable costs 56,000 $180,000 105,000 40,000 $ 35,000 $280,000 161,000 60,000 Fixed costs 20.000 Profit $

image text in transcribed

Fish Chicken Totals Units 4.000 12.000 16,000 $100,000 Revenue Variable costs 56,000 $180,000 105,000 40,000 $ 35,000 $280,000 161,000 60,000 Fixed costs 20.000 Profit $ 24,000 $59.000 Selling price per unit Contribution margin per unit Profit margin per unit $25.00 $11.00 $6.00 $15.00 $6.25 $2.92 Using the information above, calculate the following: 1. What is the business' weighted average contribution margin per unit? (show your computation) 2. Calculate the business' break-even point in units assuming the current sales mix. (show your computation) What will be the number of Fish and Chicken boxes at the break-even level of sales? (show your computation) What is the business' weighted average contribution margin ratio? (show your computation) 5. What level of sales in dollars) will be needed to earn a profit of $64,950 assuming the current sales mix? (show your computation) 6. What will be the sales in dollars) of Fish and Chicken boxes for the business' total sales calculated in Part e? (show your computation)

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

Payroll Accounting 2022

Authors: Bernard J. Bieg, Judith A. Toland

32nd Edition

0357518756, 9780357518755

More Books

Students also viewed these Accounting questions