{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-10T05:11:31-04:00", "answer_date": "2024-06-10 05:11:31", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2568465", "url": "\/study-help\/questions\/worksheet-2-part-2-retro-style-company-produces-2568465", "question_creation_date_js": "2024-06-10T05:11:31-04:00", "question_creation_date": "Jun 10, 2024 05:11 AM", "meta_title": "[Solved] Worksheet # 2 Part 2 : Retro Style Compan | SolutionInn", "meta_description": "Answer of - Worksheet # 2 Part 2 : Retro Style Company produces four lines of accessories for a major U . S . clothing manufacture | SolutionInn", "meta_keywords": "worksheet,2,part,retro,style,company,produces,four,lines,accessories,major,s", "question_title_h1": "Worksheet # 2 Part 2 : Retro Style Company produces four lines of accessories for a major U . S . clothing manufacturer. The lines", "question_title": "Worksheet # 2 Part 2 : Retro Style Company produces four lines", "question_title_for_js_snippet": "Worksheet 2 Part 2 Retro Style Company produces four lines of accessories for a major U S clothing manufacturer The lines are known by the code letters G , H , I, and J The current sales mix for the Retro Style Company and the contribution margin ratio for these product lines are as follows Product Line Percent of Total Sales Contribution Margin Ratio G 3 8 6 5 3 2 0 0 H 2 4 5 0 2 2 0 0 I 1 6 1 5 3 8 0 0 J 2 0 7 0 5 2 0 0 Forecasted total sales for next year are $ 3 3 0 , 0 0 0 and total fixed costs $ 6 7 , 5 0 0 Construct the table below showing the dollar values for 1 ) sales, 2 ) variable costs, and 3 ) the contribution associated with each product line and the company ( 8 points total ( 1 ) ( 2 ) point per table value ) Calculate the overall contribution margin ratio ( a percentage ) and the break even sales dollars for the Retro Style Company ( 2 points ) Table 4 Contribution Breakdown by Product Company Line Item Product Company G H I J Company Sales Variable costs Contribution Contribution margin ratio 3 2 0 0 2 2 0 0 3 8 0 0 5 2 0 0 ", "question_description": "
Worksheet #<\/span>2<\/mn><\/mtext><\/mi><\/mrow><\/math> Part <\/span>2<\/mn><\/mrow><\/math>: Retro Style Company produces four lines of accessories for a major U<\/span>.<\/mo><\/mrow><\/math>S<\/span>.<\/mo><\/mrow><\/math> clothing manufacturer. The lines are known by the code letters G<\/span>,<\/mo><\/mrow><\/math> H<\/span>,<\/mo><\/mrow><\/math> I, and J<\/span>.<\/mo><\/mrow><\/math> The current sales mix for the Retro Style Company and the contribution margin ratio for these product lines are as follows:<\/span> <\/div>
<\/div>
Product Line<\/span><\/div>
<\/div>
Percent of Total Sales<\/span><\/div>
<\/div>
Contribution Margin Ratio<\/span><\/div>
<\/div>
G<\/span><\/div>
<\/div>
3<\/mn>8<\/mn>.<\/mn>6<\/mn>5<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
3<\/mn>2<\/mn>.<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
H<\/span><\/div>
<\/div>
2<\/mn>4<\/mn>.<\/mn>5<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
2<\/mn>2<\/mn>.<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
I<\/span><\/div>
<\/div>
1<\/mn>6<\/mn>.<\/mn>1<\/mn>5<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
3<\/mn>8<\/mn>.<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
J<\/span><\/div>
<\/div>
2<\/mn>0<\/mn>.<\/mn>7<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
5<\/mn>2<\/mn>.<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
Forecasted total sales for next year are $<\/span>3<\/mn>3<\/mn>0<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> and total fixed costs $<\/span>6<\/mn>7<\/mn>,<\/mo>5<\/mn>0<\/mn>0<\/mn>.<\/mo><\/mrow><\/math> <\/div>
<\/div>
Construct the table below showing the dollar values for: <\/span>1<\/mn>)<\/mi><\/mrow><\/math> sales, <\/span>2<\/mn>)<\/mi><\/mrow><\/math> variable costs, and <\/span>3<\/mn>)<\/mi><\/mrow><\/math> the contribution associated with each product line and the company. <\/span>(<\/mi>8<\/mn><\/mrow><\/math> points total <\/span><\/mi><\/mtext>(<\/mi>1<\/mn>)<\/mi>\/<\/mi>(<\/mi>2<\/mn>)<\/mi><\/mrow><\/math> point per table value<\/span>)<\/mi><\/mrow><\/math> <\/div>
Calculate the overall contribution margin ratio <\/span>(<\/mi><\/mrow><\/math>a percentage<\/span>)<\/mi><\/mrow><\/math> and the break<\/span>-<\/mo><\/mrow><\/math>even sales dollars for the Retro Style Company. <\/span>(<\/mi>2<\/mn><\/mrow><\/math> points<\/span>)<\/mi><\/mrow><\/math> <\/div>
Table <\/span>4<\/mn><\/mtext><\/mi><\/mrow><\/math> Contribution Breakdown by Product & Company<\/span> <\/div>
<\/div>
Line Item<\/span>\/<\/mi><\/mrow><\/math>Product & Company<\/span> <\/div>
<\/div>
G<\/span><\/div>
<\/div>
H<\/span><\/div>
<\/div>
I<\/span><\/div>
<\/div>
J<\/span><\/div>
<\/div>
Company<\/span><\/div>
<\/div>
Sales<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
Variable costs<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
Contribution<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
<\/span><\/div>
<\/div>
Contribution margin ratio<\/span><\/div>
<\/div>
3<\/mn>2<\/mn>.<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
2<\/mn>2<\/mn>.<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
3<\/mn>8<\/mn>.<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div>
<\/div>
5<\/mn>2<\/mn>.<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math><\/div><\/span> <\/div><\/div>", "transcribed_text": "", "related_book": { "title": "Fundamental Managerial Accounting Concepts", "isbn": "71220720, 78110890, 9780071220729, 978-0078110894", "edition": "6th Edition", "authors": "Edmonds, Tsay, olds", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/67.jpg", "uri": "\/textbooks\/fundamentals-managerial-accounting-concepts-6th-edition-67", "see_more_uri": "" }, "free_related_book": { "isbn": "0593334752", "uri": "\/textbooks\/double-whammy-978-0593334751-157605", "name": "Double Whammy", "edition": "" }, "question_posted": "2024-06-10 05:11:31", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-parallel-plate-capacitor-shown-in-fig.-6-25-p6.16-is-fille", "description": "The parallel-plate capacitor shown in Fig. 6-25 (P6.16) is filled with a lossy dielectric material of relative permittivity \uf065r and conductivity \uf073. 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