Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

swend Nate Braun admired his wife's success at selling scarves at local craft shows, so he decided to make two types of plant stands to

image text in transcribed
image text in transcribed
swend Nate Braun admired his wife's success at selling scarves at local craft shows, so he decided to make two types of plant stands to sell at the shows. Nate makes twig stands from twigs he collects from a friend's farm, so his variable cost is minimal (wood screws, glue, and so forth) However, Nate has to purchase wood to make his oak plant stands His unit prices and costs are as follows: (Click the icon to view the data.) The twig stands are more popular, so Nate sells fourtwig stands for every one oak stand Katie charges her husband 510 to share her booth at the craft shows after all, she has paid the entrance fees). How many of each plant stand does Nate need to sell to break even? Will this affect the number of scarves Katie needs to sell to break even? Explain statio Determine how many of each plant stands Nate needs to sell to break-even. Begin by computing the weighted average contribution margin per unit First identify the Partic formula labels, then complete the calculations step by step per at per Sale price per unit Deduct mal wera unit Contribution margin Contribution margin per unit Sale price per unit Weighted. Sales mix in units Variable expense per unit evel and red his wife's success at selling scarves at local craft shows, so he decided to make two types of plant stands to sell at the shows =he collects from a friend's farm, so his variable cost is minimal (wood screws, glue, and so forth). However, Nate has to purchase His unit prices and costs are as follows: con to view the data.) are more popular, so Nate sells four twig stands for every one oak stand. Katie charges her husband $510 to share her boolh at th- the entrance fees). How many of each plant stand does Nate need to sell to break even? Will this affect the number of scarves Ka elain many of each plant stands Nat Data Table ontribution margin per un men complete the calculations - Oak Stands unit Twig Stands $ 17.00 3.50 $ Sales price Variable cost 45.00 14.00 Print Done age contribution margin per unit my drop-down list and then click Check Answer. Olor All

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

More Books

Students also viewed these Accounting questions