Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Multiple-Product Ereak-Even and Target Profit Vandenberg, Inc, produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling

image text in transcribed
image text in transcribed
Multiple-Product Ereak-Even and Target Profit Vandenberg, Inc, produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 60,000 table fans in the coming yean Product price and cost information includes: Common fixed selling and administrative expenses total $82,000. 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 celling fans and table fans, How many ceiling fans and table fans are soid at oreak-even? Round your intermediate calculations and final answers to the nearest whole number. 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 "O". Enter any negative product margin and losses with a minus sign. Do not round intermediate calculations. Round your final answers to nearest doliar. intermediate calculations and final answers to the nearest whole number. 3. Prepare a contribution-margin-based income statement for Vandenberg, Inc., bascd 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. 4. What if Vandenberg, Inc., wanted to earn operating income equal to $15,200. Cakulate the number of celling fans and table fans that must be sold to earn this level of operating income. (Hint: Remember to form a package of celling fans and table fans based on the sales mix and to frat cakulate the number of pacicages to earn an operating income of $15,200.)Roundyourintermediatecalculationsandfinalanswerstonearestnumber

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions