Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wed Apr 16 Chapter 6 Homework Help Exit 8.2/20 Total points awarded apter 6 Homework You received partial credit in the previous attempt 2 Lindstrom

image text in transcribed
Wed Apr 16 Chapter 6 Homework Help Exit 8.2/20 Total points awarded apter 6 Homework You received partial credit in the previous attempt 2 Lindstrom Company produces two fountain pen models. Information about its products follows: Sales revenue Less: Variable costs Contribution margin Total units sold Product A $115,000 41,400 $ 73,600 5,000 Product B $165,000 52,800 $112,200 5,800 anded Lindstrom's fixed costs total $82,500. Required: 1. Determine Lindstrom's weighted average unit contribution margin and weighted- average contribution margin ratio. 2. Calculate Lindstrom's break-even point in units and in sales revenue. 3. Calculate the number of units that Lindstrom must sell to earn a $110,000 profit. 4. Calculate Lindstrom's margin of safety and margin of safety as a percentage of sales if it seils 8,800 total pens. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the number of units that Lindstrom must sell to earn a $110,000 profit. (Round you number) Target Sales Units Units (Required 2 Required 4 >

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

Auditing Human Resources

Authors: Kelli W. Vito

2nd Edition

0894136941, 978-0894136948

More Books

Students also viewed these Accounting questions

Question

Define Scientific Management

Answered: 1 week ago

Question

Explain budgetary Control

Answered: 1 week ago

Question

Solve the integral:

Answered: 1 week ago

Question

What is meant by Non-programmed decision?

Answered: 1 week ago