Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i cannot figure out required #3, thank you. Patriot Company manufactures flags in two sizes, small and large. The company has total fixed costs of

i cannot figure out required #3, thank you.
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Patriot Company manufactures flags in two sizes, small and large. The company has total fixed costs of $295,000 per year. Additional data follow Small $ 26 5 17 BON Large 5 36 $ 22 200 Sales price per unit Variable costs per unit Sales mix percent The company is considering buying new equipment that would increase total fixed costs by $50,400 per year and reduce the variable costs of each type of flag by $1 per unit Required: 1. Compute the weighted average contribution margin without the new equipment 2. Assume the new equipment is not purchased. Determine the break-even point in total sales units and the break-even point in units 3. Assume the new equipment is purchased. Compute the break-even point in total sales units and the number of units to sell for each product for each product Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the weighted average contribution margin without the new equipment. Weighted average contribution margin Required Required 2 > 10 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume the new equipment is not purchased. Determine the break-even point in total sales units and the break-even point in units for each product. Break-even point in units 29,500 Break-even point - Small 23,600 Break-even point - Large 5,900 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume the new equipment is purchased. Compute the break-even point in total sales units and the number of units to sell for each product Break-even point in units Break-even point - Small Break-even point Large

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

The UCAS Guide To Getting Into Economics Finance And Accountancy At University

Authors: Ucas, Targetjobs.Co.UK

1st Edition

9781908077172

More Books

Students also viewed these Accounting questions

Question

Compare levels of resolution in conflict outcomes?

Answered: 1 week ago

Question

Strategies for Managing Conflict Conflict Outcomes?

Answered: 1 week ago