Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls help indstrom Company produces two fountain pen models. Information about its products follows: Sales revenue Less: Variable costs Contribution margin Total units sold Product

pls help
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
indstrom Company produces two fountain pen models. Information about its products follows: Sales revenue Less: Variable costs Contribution margin Total units sold Product A $150,000 57.000 $ 93,000 5,000 Product B $200,000 62,000 $138,008 5,000 Indstrom's fixed costs total $86,000. equired: -Determine Lindstrom's weighted-average unit contribution margin and weighted average contribution margin ratio. . Calculate Lindstrom's break-even point in units and in sales revenue. Calculate the number of units that Lindstrom must sell to earn a $120.000 profit. . Calculate Lindstrom's margin of safety and margin of safety as a percentage of sales if it sells 7,200 total pens. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine Lindstrom's weighted average unit contribution margin and weighted average contribution margin ratio (Round your weighted average CM to 2 decimal places and weighted Average CM Ratio to 1 decimal place (.e. 123 should be entered as 12.3%)). Veighted Average CM Veighted Average CM Ratio per Unit % Lindstrom's fixed costs total $86,000. Required: 1. Determine Lindstrom's weighted average unit contribution margin and weighted average contribution margin ratio. 2. Calculate Lindstrom's break-even point in units and in sales revenue. 3. Calculate the number of units that Lindstrom must sell to earn a $120,000 profit. 4. Calculate Lindstrom's margin of safety and margin of safety as a percentage of sales if it sells 7.200 total pens. Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 Required 4 Calculate Lindstrom's break even point in units and in sales revenue. (Round your intermediate values to one decimal places. Round your "Sales Revenue" answer to 2 decimal places and "Sales Units" answer to the nearest whole number.) Units Break-Even Sales Units Break Even Sales Revenue Lindstrom Company produces two fountain pen models. Information about its products follows: Sales revenue Less: Variable costs Contribution margin Total units sold Product A $150,000 57,000 $ 93,000 5,000 Product B $200,000 62.000 $138,000 5,000 Lindstrom's fixed costs total $86,000. Required: 1. Determine Lindstrom's weighted average unit contribution margin and weighted average contribution margin ratio, 2. Calculate Lindstrom's break even point in units and in sales revenue. 3. Calculate the number of units that Lindstrom must sell to earn a $120,000 profit. 4. Calculate Lindstrom's margin of safety and margin of safety as a percentage of sales if it sells 7.200 total pens. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the number of units that Undstrom must sell to earn a $120,000 profit. (Round your answer to the nearest whole number) Target Sales Units Units Lindstrom Company produces two fountain pen models. Information about its products follows: Sales revenue Less: Variable costs Contribution margin Total units sold Product A $150,000 57,000 $ 93,000 5,000 Product B $200,000 62.000 $138,000 5,000 Lindstrom's fixed costs total $86,000. Required: 1. Determine Lindstrom's weighted average unit contribution margin and weighted average contribution margin ratio. 2. Calculate Lindstrom's break even point in units and in sales revenue. 3. Calculate the number of units that Lindstrom must sell to earn a $120,000 profit 4. Calculate Lindstrom's margin of safety and margin of safety as a percentage of sales if it sells 7,200 total pens. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate Lindstrom's margin of safety and margin of safety as a percentage of sales if it sells 7,200 total pens. (Round your margin of safety in units to the nearest whole number and your percentage of sales answer to 2 decimal places (.e. 1234 should be entered as 12.34%)) Margin of Safety Margin of Safety as Percentage of Sales Units %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions