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Nike, Inc. sells two products, sneakers and apparel. The selling prices and variable costs per unit are as follows: Sneakers: Selling price $100, Variable cost
Nike, Inc. sells two products, sneakers and apparel. The selling prices and variable costs per unit are as follows:
- Sneakers: Selling price $100, Variable cost $60
- Apparel: Selling price $50, Variable cost $30
If the company's fixed costs amount to $50,000 and the sales mix ratio is 2:1 for sneakers and apparel respectively, determine the breakeven point in units for each product.
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