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His for! Home Run Practice Problem: The SHIM's Fancy Belt Co. sells 3 different belts: Gold, Silver and Leather. Dan Shim foresees sales of 200,000

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His for! Home Run Practice Problem: The SHIM's Fancy Belt Co. sells 3 different belts: Gold, Silver and Leather. Dan Shim foresees sales of 200,000 units in the coming period consisting of 20,000 units of Gold, 100,000 units of Silver and 80,000 units of Leather. The company common fixed costs for the period are $2,550,000 which can't be separated to any belt. The followings are additional information: Total Unit Gold Silver 20,000 100,000 Total Unit Total Unit $ 150 $ 65 120 Leather 80,000 Total Unit $ 50 $ 40 Total 200,000 Total % 100% 45 2,550,000 Sales Variable costs Contribution margin Fixed costs Income before Taxes Income taxes (40%) Income after taxes nequieu. 1) What is the sales mix and unit contribution margin for each product? 2) Prepare current contribution margin income statement and how much are Shim's current total contribution margin and income before taxes? 3) What are Shim's breakeven in units and in Sales dollars

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