Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Waterways has a sales mix of sprinklers, valves, and controllers as follows. Annual expected sales: Sale of sprinklers 443,952 units at $ 27.00 Sale of
Waterways has a sales mix of sprinklers, valves, and controllers as follows.
Annual expected sales: | ||
Sale of sprinklers | 443,952 units at $ 27.00 | |
Sale of valves | 1,368,852 units at $ 11.00 | |
Sale of controllers | 36,996 units at $ 43.00 |
Variable manufacturing cost per unit: | ||||
Sprinklers | $ 14.00 | |||
Valves | $ 8.00 | |||
Controllers | $ 30.00 | |||
Fixed manufacturing overhead cost (total) | $ 742,000 |
Variable selling and administrative expenses per unit: | ||||
Sprinklers | $ 1.00 | |||
Valves | $ 1.00 | |||
Controllers | $ 3.00 | |||
Fixed selling and administrative expenses (total) | $ 1,691,216 |
(a)
Correct answer icon
Your answer is correct.
Determine the sales mix based on unit sales for each product.
Sprinklers | Valves | Controllers | ||||
Sales mix | % | % | % |
eTextbook and Media
Attempts: unlimited
(b)
Incorrect answer icon
Your answer is incorrect.
Using the annual expected sales for these products, determine the weighted-average unit contribution margin for these three products. (Round answer to two decimal places, e.g. 5.25.)
Weighted-Average Unit Contribution Margin | $ |
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