Multiple-Product Break-Even and larget Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 30,000 ceiling fans and 70,000 table fans in the coming year. Product price and cost information includes: Price Unit variable cost Direct fixed cost Ceiling Fan $62 $8 $22,000 Table Fan $13 $4 $40,000 Common fixed selling and administrative expenses total $70,000. Required: 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)? Sales mix of ceiling fans to table fans = 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number. Break-even ceiling fans Break-even table fans, 3. Prepare a contribution-margin-based income statement for Vandenberg, Inc., based on the unit sales calculated in Requirement 2. If an amount is zero, enter "0". Enter any negative product margin and losses with a minus sign. Do not round intermediate calculations. Round your final answers to nearest dollar. Vandenberg, Inc. Contribution-Margin-Income Statement For the Coming Year Ceiling Fans Table Fans Total 00000 0000000 13 4. What if Vandenberg, Inc., wanted to earn operating income equal to $15,2007 Calculate the number of ceiling fans and table fans that must be sold to earn this level of operating income. (Hint: Remember to form a package of ceiling fans and table fans based on the sales mix and to first calculate the number of packages to earn an operating income of $15,200.) Round your intermediate calculations and final answers to 4. What if Vandenberg, Inc., wanted to earn operating income equal to $15,200? Calculate the number of ceiling fans and table fans that must be sold to earn this level of operating income. (Hint: Remember to form a package of ceiling fans and table fans based on the sales mix and to first calculate the number of packages to earn an operating income of $15,200.) Round your intermediate calculations and final answers to nearest number. Break-even ceiling fans Break-even table fans Contribution Margin, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Cheetah Company manufactures custom-designed skins (covers) for iPods and other portable MP3 devices. Variable costs are $6.00 per custom skin, the price is $10, and fixed costs are $102,000. Required: 1. What is the contribution margin for one custom skin? Round your answer to the nearest cent. per custom skin 2. How many custom skins must Cheetah Company sell to break even? custom skins 3. If Cheetah Company sells 26,000 custom skins, what is the operating income? 4. Calculate the margin of safety in units and in sales revenue if 26,000 custom skins are sold. Margin of safety in units Margin of safety in sales revenue units