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Question 1: CVP Time: 25 minutes Total: 20 marks Jonah Hill Company manufactures two products. Information about the two products is as follows: Product X
Question 1: CVP Time: 25 minutes Total: 20 marks Jonah Hill Company manufactures two products. Information about the two products is as follows: Product X Product Y Selling price per unit $80 $30 Variable costs per unit 45 15 Contribution margin $35 $15 per unit The company expects fixed costs to be $189,000. The firm expects 60% of its sales (in units) to be Product X and 40% to be Product Y (a sales mix of 3:2). a. Calculate the weighted average contribution margin or contribution margin by package (2 marks) b. Determine the breakeven point in total units, and how much would come from products X and Y (6 marks)
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