Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please solve this question 4 Q4) Martin Technological Products Factory produces 4 types of products: smart phone, mobile phone, cordless phone and wired phone. At
Please solve this question
Q4) Martin Technological Products Factory produces 4 types of products: "smart phone", "mobile phone", "cordless phone" and "wired phone". At the end of 2023, planning is being made for these four products. The estimated product mix, sales amount, unit sales price and variable costs per unit for these 4 products in 2024 are as follows: Unit Selling Price PRODUCT Smart Phone Mobile Phone Cordless Phone Wired Phone PRODUCT MIX 35% 10% 15% \ S ($/unit) 5,000 500 400 100 Unit Variable Cost ($/unit) 2,000 80 50 20 Total fixed costs for 2024 is estimated as $2,488,000. Required: a) Provided that the sales mix mentioned above is not changed, what is the break-even point sales quantity for each product? b) What would be the profit at the sales level mentioned above? c) How many units of each product must be sold to earn a profit of $800,000?
Step 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