Joan Company produces two backpack models. Information about its products follows: Joans fixed costs total $51,700. Required:
Question:
Joan Company produces two backpack models. Information about its products follows:
Joan’s fixed costs total $51,700.
Required:
1. Determine Joan’s weighted-average unit contribution margin and weighted-average contribution margin ratio.
2. Calculate Joan’s break-even point in units and in sales revenue.
3. Calculate the number of units that Joan must sell to earn a $95,000 profit.
4. Calculate Joan’s margin of safety and margin of safety as a percentage of sales if it sells 35,000 totalbackpacks.
Transcribed Image Text:
Sales revenue Less: Variable costs Contribution margin Total units sold Product A $135,000 81,000 54,000 15,000 Product B $77,000 38,500 $38,500 5,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Req 1 WeightedAverage CM Total CM Total Units 54000 38500 15000 5000 92500 2...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following gives the number of accidents that occurred on Florida State Highway 101 during the past 4 months: Month Number of Accidents January ........... 30 February.......... 40 March...
-
The following data represent the number of hours that two different types of scientific pocket calculators operate before a recharge: is required. Use the rank-sum test with ? = 0.01 to determine if...
-
The number of days that selected U.S. metropolitan areas failed to meet acceptable air quality standards is shown below for 1998 and 2003. Construct a grouped frequency distribution with 7 classes...
-
Listed below are the genders of the younger winner in the categories of Best Actor and Best Actress for recent and consecutive years. Do the genders of the younger winners appear to occur randomly? F...
-
What are some of the limitations concerning deductibility of student loan interest? Be specific and comprehensive.
-
The photo below shows a steady water jet coming from a 5.5-mm diameter nozzle. The water from the jet fills a 900-mL beaker in 35 seconds. Estimate the speed of the water at the nozzle. Indicate any...
-
To investigate the performance of a logic circuit for a small electronic calculator, a laboratory puts 75 of the circuits on life test without replacement under specified environmental conditions,...
-
1. Test the hypothesis: Attitude toward ones car is related positively to spending for car-care products. 2. Would you recommend CarCare do more research to identify nations with relatively favorable...
-
Explain the principles and applications of root cause analysis (RCA) in quality control, examining methods such as the "5 Whys," fishbone diagrams, and fault tree analysis for identifying underlying...
-
Suppose there are three types of individuals: high productivity (HP), medium productivity (MP) and low productivity (LP). LP and MP workers amount for a proportion of sizes qL and qM of the entire...
-
King Peak Company produces one security door model. A partially complete table of its costs follows: Required: 1. Complete the table. 2. King Peak sells its doors for $200 each. Prepare a...
-
Sapphire Company produces two models of electric lawnmower. Information about Sapphires products is given below: Sapphires fixed costs total $104,625. Required: 1. Determine Sapphires...
-
List what you feel are the five most important lessons for business that can be garnered from The Art of War book.
-
A credit card account with an APR of 16.9% had an average daily balance of $360.4 over billing cycle of 30 days. What would the monthly finance charge be for this account?
-
You have saved $500 to buy an electric scooter that costs $1800. You plan to borrow the rest of the purchase price from the bank. The bank is offering a 3 year loan at 4% APR with monthly payments....
-
A sleep study administered to U.S. adults showed that the amount of sleep (in hours) they get in a 24-hour period is normally distributed with a mean of 6.5 hours and a standard deviation of 1.25...
-
In the year 2009, Anytown, Colorado has a population of 30,000. Use the model p = 30e 0.0198026273t to predict the population of Anytown in the year 2015. Include units of measurement, i.e. people or...
-
A company in the energy industry is affected by a new technology that should open up new sources of revenue. But this new technology will also make the energy company riskier in the future. What is...
-
A ball on a porch rolls 60 cm to the porch's edge, drops 40 cm, continues rolling on the grass, and eventually stops 80 cm from the porch's edge. What is the magnitude of the ball's net dis-...
-
Rewrite Programming Exercise 7.5 using streams. Display the numbers in increasing order. Data from Programming Exercise 7.5 Write a program that reads in 10 numbers and displays the number of...
-
_________ is a form of attribution error that involves blaming others for problems that they may not have caused for themselves. (a) Self-serving bias (b) Fundamental attribution error (c) Projection...
-
Bed & Bath, a retailing company, has two departments, Hardware and Linens. The companys most recent monthly contribution format income statement follows: A study indicates that $340,000 of the fixed...
-
For many years Futura Company has purchased the starters that it installs in its standard line of farm tractors. Due to a reduction in output, the company has idle capacity that could be used to...
-
Kristen Lu purchased a used automobile for $8,000 at the beginning of last year and incurred the following operating costs: The variable operating cost consists of gasoline, oil, tires, maintenance,...
-
Building and construction projects must comply with environmental requirements. Identify the legislation that relates to the environmental Acts for New South Wales.
-
make a program that does the following: 1) give an example of an abstract class named SpaceShip . It will include: - a data member named numEngines of type int - a data member named name of type...
-
Consider the following function over the given interval. f(x) = 16x2, [-4,4] b Evaluate the integral, f(x) dx. 256 3 Find the average value of the function over the given interval. (Round your answer...
Study smarter with the SolutionInn App