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Please show all calculations. ONLY PARTS: B C D E 3. Sales mix and CVP Analysis (3pts): Space, Inc. produces and sells two different types
Please show all calculations. ONLY PARTS: B C D E
3. Sales mix and CVP Analysis (3pts): Space, Inc. produces and sells two different types of model rocket ships: standard and deluxe. Monthly information regarding the two types of model rocket ships is shown below: Deluxe $250,000 $170,000 Total $400,000 $290,000 Standard Sales Variable costs 150,000 $120,000 Fixed expenses are $35,000 per month in total for the company. a. Determine the sales mix for the two products b. Determine the contribution margin ratio for each of the two products c. Calculate the weighted average contribution margin (WACM) ratio d. Calculate Space, Inc.'s break-even point in dollars. Round to the nearest cent (i.e. two decimal places) e. The manager of Space, Inc. is considering a shift in sales mix, increasing sales of standard model rocket ships to 45% and decreasing sales of deluxe model rocket ships to 55%. How would this affect the break- even point in dollars? Briefly explain yourStep by Step Solution
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