Instructions Part 1: Sales Mix Instructions and Part 2: Break-Even Part 3a: Income Statement Instructions Multiple-Product Break-even, Break-Even Sales Revenue Andrews Sporting Goods, Inc., produces and sells children's softball mitts: vinyl mitts and basic leather mitts. Last year, Andrews sold 24,000 vinyl mitts and 12,000 leather mitts. Information on the two products is as follows: Vinyl Mitts Leather Mitts Price Variable cost per unit Total fixed cost is $93,500. $10 6 $16 > 10 Suppose that in the coming year, the company plans to produce an autographed mitt. The company estimates that 6,000 autographed mitts can be sold at a price of $20 and a variable cost per unit of $12. Total fixed cost must be increased by $17,800 (making total fixed cost $111,300). Assume that anticipated sales of the other products, as well as their prices and variable costs, remain the same.

3a. Prepare an income statement for Andrews Sporting Goods, Inc. for the coming year. 1. What is the sales mix of vinyl mitts, leather mitts, and autographed mitts? 2. Compute the break-even quantity of each product. (Round break-even packages to four significant digits and break-even units to the nearest whole unit.) tb. What is the overall contribution margin ratio? Use the contribution margin ratio to compute overall break-even sales revenue. (Note: round the contribution margin ratio to two decimal places; round the break-even sales revenue to the nearest dollar.) Compute the margin of safety for the coming year in sales dollars. Multiple-Product Break-even, Break-Even Sales Revenue Andrews Sporting Goods, Inc, produces and sells children's softball mitts: vinyl mitts and basic leather mitts. Last year, Andrews soid 24,000 vinyl mitts and 12,000 leather mitts. Information on the two products is as follows: Total fixed cost is $93,500. Suppose that in the coming year, the company plans to produce an autographed mitt. The company estimates that 6,000 autographed mitts can be sold at a price of $20 and a variable cost per unit of $12. Total fixed cost must be increased by $17,800 (making total fixed cost $111,300). Assume that anticipated sales of the other products, as well as their prices and variable costs, remain the same