Mikey Brown admired his wife's success at selling scarves at local crafts shows, so he decided to make two types of plant stands to sell at the shows. Mikey makes twig stands out of downed wood from his backyard and the yards of his neighbors, so his variable cost is minimal (wood screws, glue, and so forth). However, Mikey has to purchase wood to make his oak plant stands. His unit prices and costs are as follows: (Click the icon to view the data) The twig stands are more popular, so Mikey sets fourtwig stands for every one oak stand Susie charges her husband $450 to share her booth at the craft shows (after all, she has paid the entrance fees). How many of each plant stand does Mikey need to sell to breakeven? Will this lect the number of scarves Susie needs to sell to breakeven? Explain. Determine how many of each plant stand Mikey needs to sell to broakoven. Begin by computing the weighted average contribution margin per unit. First identify the fomula labels, then completa the calculations step by step Less: Weighted average contribution margin per unit Twig Stands Oak Stands $ 15.00 $ 42.00 Sales price Variable cost $ 2.00 $ 19.00 Gable Company manufactures and sells a single product. The company's sales and expenses for last year follow: (Click the icon to view the information.) Read the requirements Requirement 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: a. What is the total contribution margin? The total contribution margin is $ i Data Table - Total Per Unit % Sales ---- $ 24 ? 123,000 $ ? Variable expenses ? ? Contribution margin ? ? ? . Fixed expenses 12,300 49,200 Operating income Print Done lick Check Anbon Clear All i Requirements 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: a. What is the total contribution margin? b. What is the total variable expense? c. How many units were sold? d. What is the per-unit variable expense? e. What is the per-unit contribution margin? 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units? b. What is the breakeven point in sales dollars? 3. Answer the following questions about target profit analysis and safety margin: a. How many units must the company sell in order to earn a profit of $57,000? b. What is the current margin of safety in units? c. What is the margin of safety in sales dollars? d. What is the margin of safety in percentage? hen clic Print Done