Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Tiago makes three models of camera lens. Its product mix and contribution margin per unit follow: Lens A Lens B Lens C Percentage of Unit
Tiago makes three models of camera lens. Its product mix and contribution margin per unit follow: Lens A Lens B Lens C Percentage of Unit sales 25% 40 35 Contribution Margin per unit $38 30 43 Required: 1. Determine the weighted average contribution margin per unit. (Round your intermediate calculations and final answer to 2 decimal places.) Weighted Average CM per unit 2. Determine the number of units of each product that Tiago must sell to break even if fixed costs are $187,000. (Round intermediate calculations and final answers to the nearest whole number.) Units of A Units Units of B Units Units of Units 3. Determine how many units of each product must be sold to generate a profit of $73,000. (Round intermediate calculations and final answers to the nearest whole number.) Units of A Units Units of B Units Units of C Units
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