I thought I figured this out correctly but it is coming out wrong. Please show step by step so I can see where I went wrong. Thank you.
Cheryl Montoya picked up the phone and called her boss Wes Chan the vice president of marketing at Piedmont Fasteners Corporation: "Wes, I'm not sure how to go about answering the questions that came up at the meeting with the president yesterday "What's the problem?" "The president wanted to know the break-even point for each of the company's products, but I am having trouble figuring them out "I'm sure you can handle it, Cheryl And, by the way, I need your analysis on my desk tomorrow morning at 800 sharp in time for the follow up meeting at 9.00" Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina Data concerning these products appear below! Annual sales volume Unit selling price Variable expense per unit Velcro Metal Nylon 99, 200,000,000 12.20 $ 1.40 $ 1.20 $0.90 $ 0.20 $1.00 Total fixed expenses are $273.000 per year All three products are sold in highly competitive markets, so the company is unable to raise prices without losing an unacceptable numbers of customers The company has an extremely effective lean production system, so there are no beginning or ending work in process or finished goods inventories Required: 1. What is the company's overall break-even point in dollar sales? 2. Of the total fixed expenses of $273.000, $26.910 could be avoided it the Velcro product is dropped. $111.300 if the Metal product is dropped, and $37,600 if the Nylon product is dropped. The remaining foxed expenses of $97190 consist of common fixed expenses such as administrative salaries and tent on the factory building that could be avoided only by going out of business entirely a. What is the break even point in unit sales for each product? b. If the company sells exactly the break-even quantity of each product, what will be the overall profit of the company? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 What is the company's overall break even point in dollar sales? (Round CM ratio to 4 decimal places and final answer to the nearest thousand dollars.) Break even point in dollar sales $ 2,614 594 % REY 1. What is the company's overall break even point in dollar sales? 2. Of the total fixed expenses of $273,000 $26,910 could be avoided if the Velcro product is dropped, $111.300 if the Metal product is dropped, and $37600 if the Nylon product is dropped. The remaining fixed expenses of $97190 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely a What is the break even point in unit sales for each product? b. If the company sells exactly the break even quantity of each product, what will be the overall profit of the company? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Requred 20 of the total fixed expenses of $273,000, $26,910 could be avoided if the Velcro product is dropped, $111.300 if the Metal product is dropped, and $37,600 if the Nylon product is dropped. The remaining fixed expenses of $97,190 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely. What is the break even point in unit sales for each product? (Do not round intermediate calculations) Show less Velcro Metal Nylon Break even point in unit sales YHU. 1. What is the company's overall break-even point in dollar sales? 2. Of the total fixed expenses of $273,000 $26.910 could be avoided if the Velcro product is dropped. $111.300 if the Metal product is dropped and $37,600 if the Nylon product is dropped. The remaining fixed expenses of $97190 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely. a. What is the break even point in unit sales for each product? b. If the company sells exactly the break even quantity of each product, what will be the overall profit of the company? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 of the total fixed expenses of $273,000, $26,910 could be avoided if the Velcro product is dropped, $111.300 if the Metal product is dropped, and $37,600 if the Nylon product is dropped. The remaining fixed expenses of $97,190 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely if the company sells exactly the break even quantity of each product, what will be the overall profit of the company? Show less Cheryl Montoya picked up the phone and called her boss, Wes Chan, the vice president of marketing at Piedmont Fasteners Corporation: "Wes, I'm not sure how to go about answering the questions that came up at the meeting with the president yesterday What's the problem? The president wanted to know the break even point for each of the company's products, but I am having trouble figuring them out" "I'm sure you can handle , Cheryl. And, by the way, I need your analysis on my desk tomorrow morning at 8.00 shorp in time for the follow-up meeting at 9:00 Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. Data concerning these products appear below. Velcro Hetal Nylon Annual sales volume Unit selling price $ 7.20 $ 1.40 Variable expose perut 99,000 203,000 300,000 $ 1.20 30 $0.70 $1.00 Total fixed expenses are $273,000 per year, All three products are sold in highly competitive markets, so the company is unable to raise prices without losing an unacceptable numbers of customers The company has an extremely effective lean production system, so there are no beginning or ending work in process or finished goods inventories Required: 1. What is the company's overall break-even point in dollar sales? 2 of the total fixed expenses of $273,000, $26.910 could be avoided if the Velcro product is dropped, $111.300 if the Metal product is diopped, and $37600 if the Nylon product is dropped. The remaining fixed expenses of $97190 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely a. What is the break even point in unit sales for each product? b. If the company sells exactly the break-even quantity of each product, what will be the overall profit of the company? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B What is the company's overall break-even point in dollar sales? (Round CM ratio to 4 decimal places and final answer to the nearest thousand dollars.) Break even point in dollar sales $ 2,614.594 2. Of the total fixed expenses of $273,000. $26.910 could be avoided if the Velcro product is dropped. $111.300 if the Metal product is dropped, and $37600 if the Nylon product is dropped. The remaining fixed expenses of $97190 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely a. What is the break even point in unit sales for each product? be if the company sells exactly the break even quantity of each product, what will be the overall profit of the company? Answer is not complete Complete this question by entering your answers in the tabs below, Required 1 Required 2A Required 28 of the total fixed expenses of $273,000, $26,910 could be avoided if the Velcro product is dropped, $111,300 if the Metal product is dropped, and $37,600 if the Nylon product is dropped. The remaining fixed expenses of $97,190 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely. What is the break even point in unit sales for each product? (Do not round intermediate calculations Show less Velcro Metal Nylon Break even point in unit sales 2. Of the total fixed expenses of $273.000 $26,910 could be avoided it the Velcro product is dropped $111.300 if the Metal product is dropped, and $37.600 if the Nylon product is dropped. The remaining fixed expenses of $97190 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely a. What is the break even point in unit sales for each product? b. If the company sells exactly the break-even quantity of each product, what will be the overall profit of the company? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 of the total fixed expenses of $273,000, 526,910 could be avoided if the Velcro product is dropped, $111.300 if the Metal product is dropped, and $37,600 if the Nylon product is dropped. The remaining fixed expenses of $97,190 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely. If the company sells exactly the break even quantity of each product, what will be the overall profit of the company? Show less
