Present Porcelain Company produces and sells kitchen utensils. Last year Present Porcelain sold 10,000 knives and...

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Present Porcelain Company produces and sells kitchen utensils. Last year Present Porcelain sold 10,000 knives and 5,000 forks. Information on the two products is as follows: Knives Forks Price $12 $15 Variable cost per unit 4 6 Total fixed costs are $70,000 (a) What is the sales mix of knives and forks? (2 marks) (b) Compute the break-even quantity of each product. (6 marks) Present Porcelain Company produces and sells kitchen utensils. Last year Present Porcelain sold 10,000 knives and 5,000 forks. Information on the two products is as follows: Knives Forks Price $12 $15 Variable cost per unit 4 6 Total fixed costs are $70,000 (a) What is the sales mix of knives and forks? (2 marks) (b) Compute the break-even quantity of each product. (6 marks)