Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Score Name Section Problem (10 points). The Mulberry Company sells three types of nuts: almonds, cashews, and walnuts. Fourteen thousand cans of nuts were
Score Name Section Problem (10 points). The Mulberry Company sells three types of nuts: almonds, cashews, and walnuts. Fourteen thousand cans of nuts were sold in 20X5, and the number of cans of walnuts sold was twice as much as the number of cans of cashews, whereas almond sales were one half the amount of cashew sales. Fixed costs were $20,000 and the unit sales prices and unit variable costs were as follows. MULBERRY COMPANY DATA FOR COST-VOLUME-PROFIT ANALYSIS FOR MULTIPLE PRODUCTS SOLD Product Almonds Cashews Walnuts REQUIRED: (1) (2) (3) (4) (5) Sales Price Per Unit Variable Costs Per Unit $ 8.00 $ 10.00 4.00 5.00 6.00 4.00 Calculate the number of cans of each kind of nut sold based on the relationships discussed in the problem. Show supporting computations. Calculate the sales mix percentage for each type of nut sold. Round your percentages to two decimal places (four decimal places in all). Calculate the weighted average contribution margin per unit. Round your answer to four decimal places. Calculate the break even point in total units and in units of each product. Round your answers up to the next whole unit. Calculate the sales in dollars for each product and in total that the company would need in order to earn an after tax profit of $300,000, assuming that the company's tax rate is 40%. Round your answers up to the next whole dollar.
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