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Phipps Co. sells two products. Arks and Bins. Last vear Phipps sold 12,000 units of Arks and 28,000 units of Bins. Related data are: Unit
Phipps Co. sells two products. Arks and Bins. Last vear Phipps sold 12,000 units of Arks and 28,000 units of Bins. Related data are: Unit Contribution Unit Selling Unit Variable Margin Cost Product Price $120 $80 60 Bins 80 $40 20 Arks 14. What was Phipps Co.'s sales mix last year? a. 30% Arks, 70% Bins b. 12% Arks, 28% Bins1 c. 70% Arks, 30% Bins d. 40% Arks, 20% Bins 15. What was Phipps Co.'s overall unit variable cost? a. $140 b. $ 70 c. $ 66 d. $ 60 16. What was Phipps Co.'s overall unit contribution margin? a. $26 b. $60 c. $92 d. $20 17. Assuming that last year's fixed costs totaled $910,000, what was Phipps Co.'s break-even point in units? a. 40,000 units b. 12,000 units c. 35,000 units d. 28,000 units
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