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I need help with the answers in the sales mix and package contribution portion in which were marked wrong. This is my second time. the
I need help with the answers in the sales mix and package contribution portion in which were marked wrong. This is my second time. the answers 71.43 and 28.57 are also wrong in the sales mix.................and 22.85, 27.14 and 49.98 were marked wrong in package contribution margin boxes. THE SALES MIX IS ALSO NOT 5,200 nor 2080
Instructions Amount Descriptions Sales Mix and Break-Even Point Contribution Margin Income Statement Instructions Suppose that Head-First Company now sells both bicycle helmets and motorcycle helmets. The bicycle helmets are priced at $77 and have variable costs of $45 each. The motorcycle helmets are priced at $230 and have variable costs of $13 First as a whole equals $86,500 (includes all fixed factory overhead and fixed selling and administrative expense). Next year, Head-First expects sell 5,200 bicycle helmets and 2,080 motorcycle helmets. Required: 1. Form a package of bicycle and motorcycle helmets based on the sales mix expected for the coming year. 2. Calculate the break-even point in units for bicycle helmets and for motorcycle helmets. 3. Check your answer by preparing a contribution margin income statement Refer to the list below for the exact wording of text items within your income statement Amount Descriptions Operating income Operating loss Sales Total contribution margin Total fixed cost Total variable cost Amount Descriptions Sales Mix and Break-Even Point Product Price Unit Variable Cost Unit Contribution Margin Sales Mix Package Contribution Margin $77.00 $22.86 X Bicycle helmet Motorcycle helmet Package total $45.00 135.00 $32.00 95.00 0.7143 X 0.2857 X 230.00 27.14 X $50.00 Points: 6/11 2 Calculate the break even point in units for bicycle helmets and for motorcycle helmets. Break Even Bicycle Helmets Break Even Motorcycle Helmets 950 380 Score: 51/51 Contribution Margin Income Statement Head-First Company Contribution Margin Income Statement A: Break Even Point Sales $:60,550,00 94,050.00 2 Total variable cost Total contribution margin 4 Total fixed cost $66,500.00 66,500.00 5 Operating income $0.00Step by Step Solution
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