Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Georgeland Cycies makes and sells two models of electric bicycles. The Commuter (a folding modol) sells for $2,517.00 and the Tour. X (a fat-tire trail

image text in transcribed
image text in transcribed
Georgeland Cycies makes and sells two models of electric bicycles. The Commuter (a folding modol) sells for $2,517.00 and the Tour. X (a fat-tire trail model) sells for $4,517,00. Unit variable costs for the Commuter are $1,767.00 and for the Tour- X$3,217.00, Annual fixed costs at Georgeland are $646,950. The marketing manoger estimates that the annual mix of sales is 30 percent Commuter modol and 70 percent Touring model. Required: a. How many of each model ebike must Georgetand Cycles sell every year to break even? b. How many of each model ebike must Georgeland Cycles sell every year to earn operating profits of $102,150 before taxes? Complete this question by entering your answers in the tabs below. How many of each model ebike must Georgeland Cycles sell every year to break even? costs at Georgetand are $646.950. The marketing manager ostimates that the annual mix of sales is ab percent Commuter modal and 70 percent fouring model. Required: a. How mary of each model obke must Georgeland Cycles selt every year to break even? a. How many of each model ebike must Georgeland Cychis seli every year to break cven? Complete this question by entering your answers in the tabs below, How many of eech model ebike must Gecrgeiand Cycles sell every year to earn operatang profits of $102,150 before taxest

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

Advanced Financial Accounting

Authors: Richard Lewis, David Pendrill

6th Edition

0273638335, 978-0273638339

More Books

Students also viewed these Accounting questions