Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Pairs
Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Pairs of Range- Shoes Gloves Finder Unit sales price $105 $245 Unit variable costs 205 Unit contribution margin $22 $40 Sales mix 28 % $32 10 59 $46 31 % 41 % Fixed costs are $658,568. your answer is correct. Calculate weighted-average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.) Weighted average unit contribution margin 34.48 SHOW SOLUTION LINK TO TEXT Your answer is correct. Compute the break-even point in units for the company. Break-even point 19,100 units SHOW SOLUTION LINK TO TEXT your answer is correct Determine the number of units to be sold at the break-even point for each product line. Shoes 5921 pairs of shoes 7831 pairs of gloves Gloves Range Finders 5348 range-finders Verify that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income. Tiger Golf Accessories CVP Income Statament Sales - Shoes Sales - Range-Finders Sales - Gloves Total Sales X X Variable Costs Contribution Margin Fixed Costs 658,568 Net Income (Loss) V 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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