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Hi, thank you for answering. Can you please provide specific steps especially for #5 since I'm not quite good at accounting, thanks! Carkitt Inc. manufactures
Hi, thank you for answering.
Can you please provide specific steps especially for #5 since I'm not quite good at accounting, thanks!
Carkitt Inc. manufactures spellbooks for students. The three models it produces are Basic, Intermediate, and Hermione Level. The information for these products is shown below: Units sold Selling price Variable costs Basic 25.000 $350 $250 Intermediate Hermione Level 10,000 5,000 $500 $800 $300 $500 The company's fixed costs are $7,500,000. 1.) What is the company's sales mix for the three products? Round to 3 decimal places. 2.) What is the company's weighted-average contribution margin per unit? 3.) What is the company's break-even point in total units? 4.) How many units of each product must the company sell to break-even? 5.) Prepare a schedule to prove that your answer in requirement 4 does cover all the company's costs and will allow it to break-evenStep by Step Solution
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