Curtis Walker admired his wife's success at selling scarves at local crafts shows, so he decided...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Curtis Walker admired his wife's success at selling scarves at local crafts shows, so he decided to make two types of plant stands to sell at the shows. Curtis makes twig stands out of downed wood from his backyard and the yards of his neighbors, so his variable cost is minimal (wood screws, glue, and so forth). However, Curtis has to purchase wood to make his oak plant stands. His unit prices and costs are as follows: The twig stands are more popular, so Curtis sells four twig stands for every one oak stand. Mary charges her husband $350 to share her booth at the craft shows (after all, she has paid the entrance fees). How many of each plant stand does Curtis need to sell t breakeven? Will this affect the number of scarves Mary needs to sell to breakeven? Explain. (Click the icon to view the data.) Determine how many of each plant stand Curtis needs to sell to breakeven. Begin by computing the weighted-average contribution margin per unit. First identify the formula labels, then complete the calculations step by step. Less: Weighted average contribution margin per unit Sales price Variable cost..... Twig Stands 14.00 2.00 Oak Stands $ 40.00 $ 18.00 Curtis Walker admired his wife's success at selling scarves at local crafts shows, so he decided to make two types of plant stands to sell at the shows. Curtis makes twig stands out of downed wood from his backyard and the yards of his neighbors, so his variable cost is minimal (wood screws, glue, and so forth). However, Curtis has to purchase wood to make his oak plant stands. His unit prices and costs are as follows: The twig stands are more popular, so Curtis sells four twig stands for every one oak stand. Mary charges her husband $350 to share her booth at the craft shows (after all, she has paid the entrance fees). How many of each plant stand does Curtis need to sell t breakeven? Will this affect the number of scarves Mary needs to sell to breakeven? Explain. (Click the icon to view the data.) Determine how many of each plant stand Curtis needs to sell to breakeven. Begin by computing the weighted-average contribution margin per unit. First identify the formula labels, then complete the calculations step by step. Less: Weighted average contribution margin per unit Sales price Variable cost..... Twig Stands 14.00 2.00 Oak Stands $ 40.00 $ 18.00
Expert Answer:
Answer rating: 100% (QA)
Solution Computation of weighted average contribution mar... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Curtis Walker admired his wife's success at selling scarves at local craft shows, so he decided to make two types of plant stands to sell at the shows. Curtis makes twig stands out of downed wood...
-
Explain how to calculate a weighted average contribution margin per unit.
-
Danny Carter admired his wife's success at selling scarves at local craft shows so he decided to make two types of plant stands to sell at the shows. Danny makes twig stands out of downed wood from...
-
Rewe Company's income statement contained the condensed information below. Rewe's balance sheets contained the following comparative data at December 31. Accounts payable pertain to operating...
-
What charges and credits may be disclosed in the auditors analysis of the Cost of Goods Sold account of a manufacturing concern?
-
Solve the given problems. The greatest distance (in km) a person can see from a height h(in m) above the ground is What is this distance for the pilot of a plane 9500 m above the ground? 1.27 x 10h +...
-
The highest temperature and pressure above which a liquid can not exist is known as the (a) Triple point (b) Critical point (c) Freezing point (d) Boiling point.
-
The following unadjusted trial balance is prepared at fiscal year-end for Foster Products Company. Rent expense and salaries expense are equally divided between selling activities and the general and...
-
Do you see yourself present-oriented or future-oriented person? What references did you find that support your position? Does it impact your saving habit? How so, exactly? What impact might this have...
-
Mullet, Shark and Starfish operate a business which conducts deep sea fishing trips. Their partnership agreement states that all profits and losses are to be shared in the ratio of 3:2:1 after...
-
The following accounting period is related Steve Holding which has commenced its business operation on 1 October 2014 and closes its account to 30 November 2015 and to that date subsequently. A...
-
A manager of Gregorio Radio Station is facing a problem between competing strategies (both would benefit the company). Specifically, the business has Php 500,000 to invest the money between 2...
-
Given the set of images above, choose two images and explain how it is being related to managerial economics.
-
The line tangent to the graph of f(x) = sin x at (0,0) is y=x. What does this imply? Choose the correct answer below. A. The line y = x is the best straight line approximation to the graph of f for...
-
5. A study was conducted on the amount of time drivers wait for a stoplight to change at a particular intersection. The amount of time spent by 300 drivers was recorded and the resulting data were...
-
Choose... Scenario Analysis Payback Period Forecasting Risk/Estimating Risk Security Market Line (SML) Capital Gains Yield Risk Equation Project Net Working Capital Breakeven Internal Rate of Return...
-
7. Mateo makes a spinning platform to do his air guitar performances on. If he has a mass of 80 kg and rotates like a single particle with a radius of 0.20 meters, how much work does he do if he goes...
-
Rowland Textile Inc. manufactures two products: sweatshirts and T-shirts. The manufacturing process involves two activities: cutting and sewing. Expected overhead costs and cost drivers are as...
-
Winter Sports Inc. operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Investors would like to earn a 15% return on the company's $100...
-
Holiday Industries manufactures a variety of custom products. The company has traditionally used a plant wide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to...
-
A variety of robots were featured at the 2016 National Restaurant Show that could be used for a variety of tasks in restaurants. These robots were introduced at the same time that an ongoing debate...
-
True or False. The element stiffness matrices are always singular.
-
Derive the stiffness matrix of the bar element in longitudinal vibration whose cross-sectional area varies as \(A(x)=A_{0} e^{-(x / l)}\), where \(A_{0}\) is the area at the root (see Fig. 12.14)....
-
Fill in the Blank. In the finite element method, the elements are assumed to be interconnected at certain points known as ____________ .
Study smarter with the SolutionInn App