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Please help to solve this question, part c. My mistakes are marked IN RED (as you can see from the provided screenshot). I have to
Please help to solve this question, part c. My mistakes are marked IN RED (as you can see from the provided screenshot). I have to fill lines(boxes) in CPV income statement that are requested in assignment in the proper way.
Sales-Shoes | $106*6,402 | = $678,612 (WRONG, why?) |
Sales-Gloves | $30*7,760 | = $232,800 (WRONG, why?) |
Sales-Range finders | $245*5,238 | = $1,283,310 (WRONG, why?) |
How to fill lines in CPV income statement in a right way if there are lack of lines (please see the picture)?
Sunland Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data Sales mix is determined based upon total units sold. Pairs of Shoes Pairs of Gloves Range- Finder $106 $30 $245 58 12 201 Unit selling price Unit variable costs Unit contribution margin Sales mix $48 $18 $44 33 % 40 % 27 % Fixed costs are $677,448. (21) Your answer is correct. Calculate weighted average unit contribution margin (Round answer to 2 decimal places eg. 10.25.) Weighted average unit contribution margin $ 34.92 e Textbook and Media Attempts: 1 of 3 used (22) Your answer is correct. Compute the break-even point in units for the company. Break-even point 19,400 units (b) Your answer is correct. Determine the number of units to be sold at the break-even point for each product line. Break-even point in units Shoes 6,402 pairs of shoes Gloves 7.760 pairs of gloves Range Finders 5.238 range-finders eTextbook and Media Attempts: 1 of 3 used (c) Your answer is partially correct. Verify that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income. SunlandGolf Accessories CVP Income Statament Contribution Margin - Shoes $ 678,612 Contribution Margin- Gloves 232,800 Contribution Margin-Range-Finders 1 283,310 Total Sales 2.194.722 Variable Costs 1,517 274 Net Income (Loss) $ 0Step by Step Solution
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