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QUESTION 7) (Product Mix) Minnie Toy Company produces three types of product; toy cars, babydolls and minifigures. At the end of 2019, a production plan
QUESTION 7) (Product Mix) Minnie Toy Company produces three types of product; "toy cars", "babydolls" and "minifigures". At the end of 2019, a production plan related to these three products is being made. According to this plan, units sold, unit selling prices and unit variable costs for 2020 are expected as follows: Total fixed costs for 2020 is estimated as $44,000. 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) Provided that the sales mix mentioned above is not changed, how many units of each product must be sold to earn a profit of $198,000
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