Requirement 4. To compensate for the lower sales price, Energy

Energy Foot wants to expand its product line to include men's dress socks. Each pair will sell for $ 7.00

$7.00 and cost $ 2

$2 from the supplier. Fixed costs will not change. Energy

Energy expects to sell four pairs of dress socks for every one pair of hiking socks (at its new $ 9

$9 sales price). What is Energy

Energy's weighted-average contribution margin per unit? Given the 4:1 sales mix, how many of each type of sock will it need to sell to breakeven?

Complete the following table to compute the weighted-average contribution margin per unit. (Enter all amounts to the nearest cent.)

Hiking socks

Dress socks

Total

Sale price per unit

9.00

7.00

Less:

Variable cost per unit

6.00

2.00

Contribution margin per unit

3.00

5.00

Sales mix

1

4

5

Contribution margin

3.00

20.00

23.00

Weighted-average contribution margin per unit

Given the 4:1 sales mix, how many of each type of sock will it need to sell to breakeven?

(Round only the new target sales in units up to the next whole number. Then round the allocation of hiking and dress socks to the nearest whole number.)

The new target sales in units is________?

. The company will need to sell________?

pairs of the hiking socks and_________?

pairs

of the dress socks.

Please help me with the formulas to figure the last three questions. Thank you:)