The Clothing Company buys hiking socks for $7 per pair and sells them for $10. Management budgets monthly fixed costs of $9,000 for sales volumes between 0 and 12,000 pairs of socks. Read the reguirements. Requirement 1. Calculate the breakeven point in units. Select the labels and enter the amounts to find the breakeven point in units. (Enter a "0" for any zero amounts. Abbreviation used: CM contribution margin.) )/ Required sales in units - Requirement 2. The Clothing Company reduces its sales price from $10 per pair to $9 per pair. Calculate the new breakeven point in units. The new breakeven point in units is Requirement 3. The Clothing Company finds a new supplier for the socks. Variable costs will decrease by $2 per pair. Calculate the new breakeven point in units. The new breakeven point in units is Requirement 4. The Clothing Company plans to advertise in hiking magazines. The advertising campaign will increase total fixed costs by $4,500 per month. Calculate the new breakeven point in units. The new breakeven point in units is Requirement 5. In addition to selling hiking socks, The Clothing Company would like to start selling sports socks. The Clothing Company expects to sell one pair of hiking socks for every three pairs of sports socks. The Clothing Company will buy the sports socks for $3 per pair and sell them for $6 per pair. Total fixed costs will stay at $9,000 per month. Calculate the breakeven point in units for both hiking socks and sports socks. First, complete the table belovw to calculate the weighted-average contribution margin. Choose from any list or enter any number in the input fields and then continue to the next question. The Clothing Company buys hiking socks for $7 per pair and sells them for $10. Management budgets monthly fixed costs of $9,000 for sales volumes between 0 and 12,000 pairs of socks Read the requirements. Requirement 4. The Clothing Company plans to advertise in hiking magazines. The advertising campaign will increase total fixed costs by $4,500 per month. Calculate the new breakeven point in units. The new breakeven point in units is Requirement 5. In addition to selling hiking socks, The Clothing Company would like to start selling sports socks. The Clothing Company expects to sell one pair of hiking socks for every three pairs of sports socks. The Clothing Company will buy the sports socks for $3 per pair and sell them for $6 per pair. Total fixed costs will stay at $9,000 per month. Calculate the breakeven point in units for both hiking socks and sports socks. First, complete the table below to calculate the weighted-average contribution margin. Total Hiking Sports Contribution margin Weighted-average contribution margin per unit Next, calculate the breakeven point for the "package" of products. (Enter a "0" for any zero amounts. Abbreviation used: CM contribution margin.) Required sales in units ) 7 4 Choose from any list or enter any number in the input fields and then continue to the next question. 11:47 AM 6/16/2019 The Clothing Company buys hiking socks for $7 per pair and sells them for $10. Management budgets monthly fixed costs of $9,000 for sales volumes between 0 and 12,000 pairs of socks. Read the requirements. Requirement 5. In addition to selling hiking socks, The Clothing Company would like to start selling sports socks. The Clothing Company expects to sell one pair of hiking socks for every three pairs of sports socks. The Clothing Company will buy the sports socks for $3 per pair and sell them for $6 per pair. Total fixed costs will stay at $9,000 per month. Calculate the breakeven point in units for both hiking socks and sports socks. First, complete the table below to calculate the weighted-average contribution margin. Sports Total Hiking x Contribution margin Weighted-average contribution margin per unit Next, calculate the breakeven point for the "package" of products. (Enter a "0" for any zero amounts. Abbreviation used: CM = contribution margin.) Required sales in unite + + Now calculate the breakeven point for each product. pairs of hiking socks Breakeven sales of hiking socks pairs of sport socks Breakeven sales of sport socks Choose from any list or enter any number in the input fields and then continue to the next question. 11:47 AM 6/16/2019