Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE HELP AND ANSWER ALL REQUIRED THANKS !!! Lindstrom Company produces two fountain pen modeis. Information about its products follows: Lindstrom's fixed costs total $81,500

PLEASE HELP AND ANSWER ALL REQUIRED THANKS !!!
image text in transcribed
image text in transcribed
Lindstrom Company produces two fountain pen modeis. Information about its products follows: Lindstrom's fixed costs total $81,500 Required: 1. Determine Lindstrom's weighted-average unit contribution margin and weighted-average contribution margin ratio. 2. Calculate Lindstrom's break-even point in units and in sales revenue. 3. Calculate the number of units that Lindstrom must sell to earn a $150,000 profit. 4. Calculate Lindstrom's margin of safety (in units and sales dollars) and margin of safety as a percentage of sales based on the sales data provided in the table above. SalesrevenueLess:VariablecostsContributionmarginTotalunitssoldProductA$75,60036,900$43,5005,000ProductB$124,40051,800$88,5005,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

107 MA ammeter 56 resistor ? V voltmeter

Answered: 1 week ago

Question

Generally If Drug A is an inducer of Drug B , Drug B levels will

Answered: 1 week ago