Please help me answer these questions by showing each step.

CVP Analysis and Sales Mix (Multiple Products). Math Products, Inc., produces two different products with the following monthly data (this is the base case).

	Finance Calculator	Solar Calculator	Total
Selling price per unit	$100	$12
Variable cost per unit	$ 60	$ 3
Expected unit sales	21,000	14,000	35,000
Sales mix	60 percent	40 percent	100 percent
Fixed costs			$750,000

Assume the sales mix remains the same at all levels of sales except for requirement i.

Required:

Round to the nearest unit of product, hundredth of a percent, and nearest cent where appropriate. (An example for unit calculations is 3,231.15 = 3,231; an example for percentage calculations is 0.434532 = 0.4345 = 43.45 percent; an example for dollar calculations is $378.9787 = $378.98.)

1. Calculate the weighted average contribution margin per unit.

2. 1. How many units in total must be sold to break even?

   2. How many units of each product must be sold to break even?

3. 1. How many units in total must be sold to earn a monthly profit of $100,000?

   2. How many units of each product must be sold to earn a monthly profit of $100,000?

4. Using the base case information, prepare a contribution margin income statement for the month similar to the one in Figure 6.5.

5. Calculate the weighted average contribution margin ratio.

6. Find the break-even point in sales dollars.

7. What amount of sales dollars is required to earn a monthly profit of $80,000?

8. Assume the contribution margin income statement prepared in requirement d is the companys base case. What is the margin of safety in sales dollars?

9. If the sales mix shifts more toward the Finance Calculator product than the Solar Calculator product, would the break-even point in units increase or decrease? Explain. (Detail calculations are not necessary but may be helpful in confirming your answer.

CVP Analysis and Sales Mix ( MCple Products) Start by calling the contribution margin for each product Finance Calculator CM per unit = $100 $60 = $40 per unit Solar Calculator CM permit = per unit Then, calukte the weighted average contention maryn permit Weighted average ) ( contration margin X ) = $27.60 ' (1) The break-even point in unitsi calculated as + Break-even poitints = units (rounded) (2) Break-even poitints (founded) for each product is. Units %) France Calculator Solar Calculator (== (= Units X Total units (1) The target profit point in units is called as: + Target proftin units = 30,797 units (rounded) (2) The target prutpottints (runded) for each product is. France Calculator its ( Solar Calculator units LL (= Total ints CVP Analysis and Sales Mix ( MCple Products) (cortioned) d Contrition margin income statement France Cala later Solar Cala later Total 1,302,000 Sales Variable costs Contribution margin Fixed costs Operating profit e Weighted average contribution margin ratio from part d) from part d) 0.4259 funded) or 4259% The break-even poitin sales delas is called as. + Break-even point in sales dollars = = & The target profit point in sale dars is calculated as. + Target profit in sales dollars + = = Maryin of safety in sales dollars from part d) (from part ) i Muvide ywurmswer in the text box below