Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

View Policies Show Attempt History Current Attempt in Progress Pharoah Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below

View Policies Show Attempt History Current Attempt in Progress Pharoah Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Sales mix is determined based upon total units sold. Pairs of Pairs of Range- Shoes Gloves Finder Unit selling price $102 $28 $245 Unit variable costs 58 12 201 Unit contribution margin $44 $16 $44 Sales mix 38 % 43 % 19 % Fixed costs are $588,064. (a1) (a2) Your answer is correct. Calculate weighted-average unit contribution margin. (Round answer to 2 decimal places eg. 10.25.) Weighted-average unit contribution margin eTextbook and Media Your answer is correct. SA 31.96 Attempts: 2 of 5 used (a2) Your answer is correct. Compute the break-even point in units for the company. (b) Break-even point eTextbook and Media Your answer is correct. 18400. units Attempts: 1 of 5 used (b) Your answer is correct. 2.19/2.5 Determine the number of units to be sold at the break-even point for each product line. Break-even point in units Shoes Gloves Range Finders eTextbook and Media 6992 pairs of shoes 7912 pairs of gloves 3496 range-finders !!! Attempts: 1 of 5 used 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. Contribution Mar Contribution Mar S PharoahGolf Accessories CVP Income Statament 713184 221536 Contribution Mar 856820 Total Contribution Fixed Costs Net Income (Loss) eTextbook and Media $ 1791240 $ 588064

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

Intelligent Accountant Strategies Concepts And Ideas To Transform Your Practice

Authors: Darren Gleeson

1st Edition

1925515575, 978-1925515572

More Books

Students also viewed these Accounting questions

Question

=+2 Why did OBI create Centers of Excellence?

Answered: 1 week ago