Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please, kindly answer all the blank. This is a one problem only, I would really appreciate if you answer all the blanks. Thank you and
Please, kindly answer all the blank. This is a one problem only, I would really appreciate if you answer all the blanks. Thank you and Godbless
Multiple-Product Break-Even and Target Profit Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 60,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $58 $16 Unit variable cost $15 $9 Direct fixed cost $20,400 $44,000 Common fixed selling and administrative expenses total $88,000. Required: 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)? 2: 3 Sales mix of ceiling fans to table fans = 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number. Break-even ceiling fans II Break-even table fans 3. Prepare a contribution-margin-based income statement for Vandenberg, Inc., based on the unit sales calculated in Requirement 2. If an amount is zero, enter "0". Enter any negative product margin and losses with a a minus sign. Do not round intermediate calculations. Round your final answers to nearest dollar. Vandenberg, Inc. Contribution-Margin-Income Statement For the Coming Year Ceiling Fans Table Fans Total $ $ $ $ DDD 4. What if Vandenberg, Inc., wanted to earn operating income equal to $14,000? Calculate the number of ceiling fans and table fans that must be sold to earn this level of operating income. (Hint: Remember to form a package of ceiling fans and table fans based on the sales mix and to first calculate the number of packages to earn an operating income of $14,000.) Round your intermediate calculations and final answers to nearest number. Break-even ceiling fans II Break-even table fansStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started