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The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per- unit contribution
The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per- unit contribution margin for each product follows. Nylon $136 (76) Wool Sales price Variable cost per unit $188 (88) $60 $100 Contribution margin per unit TBC expects to incur annual fixed costs of $716,000. The relative sales mix of the products is 80 percent for Nylon and 20 percent for Wool. Required a. Determine the total number of products (units of Nylon and Wool combined) TBC must sell to earn a $100,000 profit b. How many units each of Nylon and Wool blankets must TBC sell to earn a $100,000 profit? c. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the total number of products (units of Nylon and Wool combined) TBC must sell to earn a $100,000 profit. Total number of products units Required A Required B > The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per- unit contribution margin for each product follows. Nylon $136 (76) Wool Sales price Variable cost per unit $188 (88) $60 $100 Contribution margin per unit TBC expects to incur annual fixed costs of $716,000. The relative sales mix of the products is 80 percent for Nylon and 20 percent for Wool Required a. Determine the total number of products (units of Nylon and Wool combined) TBC must sell to earn a $100,000 profit. b. How many units each of Nylon and Wool blankets must TBC sell to earn a $100,000 profit? c. Prepare an income statement using the contribution margin format Complete this question by entering your answers in the tabs below. Required A Required B Required C How many units each of Nylon and Wool blankets must TBC sell to earn a $100,000 profit? Nylon Blankets units Wool Blankets units
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