Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities. Budgeted sales by

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Units Percentage Check my Sinks 500 45% Mirrors 300 27% Vanities 300 27% Total 1,100 100% Percentage of total sales Product Sinks 42% Mirrors 30% Vanities 28% Total 100% $213,362.50 100% $151,500 42,672.50 20% 106,050 100% 70% $140,137,50 63,061.881 100% 45% $505,000.00 211,784.38 100% 42% $170,690.00 80% $ 45,450 30% $ 77,075.63 55% 293,215.63 58% $ 151.50 $ 256.92 Sales Variable expenses Contribution margin Contribution margin per unit $ 341.38 Fixed expenses 255,780,00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

9781292016924

Students also viewed these Accounting questions

Question

Is organizational culture an asset or a liability? Explain.

Answered: 1 week ago

Question

How is an organizations culture formed and sustained?

Answered: 1 week ago