Question: Ch 19-Sales Mix Problem (25 points) A shoe store has two departments, men's shoes and women's shoes. Below is the sales information for the two

Ch 19-Sales Mix Problem (25 points) A shoe store has two departments, men's shoes and women's shoes. Below is the sales information for the two departments for the month. Sales Variable Costs Fixed Costs Net Income Men's Shoe Department $320,000 $187,500 Women's Shoe Department $480,000 $255,000 Total $800,000 $442,500 $256,500 $101,000 Answer the following questions based on the data above: Round all amounts and ratios to whole numbers 1. Compute the Sales Mix for the two departments. (3 pts) 2. Compute the Contribution Margin ratio for the Men's Department. (4 pts) 3. Compute the Contribution Margin ratio for the Women's Department. (4 pts) 4. Compute the Weighted Average Contribution Margin. (4 pts) 5. Compute the company's Break-Even Sales in dollars. (4 pts) 6. Compute the Break-Even sales for the Men's Department (3 pts) 7. Compute the Break-Even sales for the Women's Department (3pts)
 Ch 19-Sales Mix Problem (25 points) A shoe store has two

Ch 19 - Sales Mix Problem (25 points) A shoe store has two departments, men's shoes and women's shoes. Below is the sales information for the two departments for the month. Answer the following questions based on the data above: Round all amounts and ratios to whole numbers 1. Compute the Sales Mix for the two departments. (3 pts) 2. Compute the Contribution Margin ratio for the Men's Department. (4 pts) 3. Compute the Contribution Margin ratio for the Women's Department. (4 pts) 4. Compute the Weighted Average Contribution Margin. (4 pts) 5. Compute the company's Break-Even Sales in dollars. (4 pts) 6. Compute the Break-Even sales for the Men's Department (3 pts) 7. Compute the Break-Even sales for the Women's Department (3pts)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!