Question: Fleet Foot buys hiking socks for $ 6 a pair and sells them for $ 1 0 . Monthly fixed costs are $ 1 0

Fleet Foot buys hiking socks for $ a pair and sells them for $ Monthly fixed costs are $for sales volumes between and pairs resulting in a breakeven point of units. Assume that Fleet Foot has been selling pairs of socks per month.
Read the requirements.
Requirement To compensate for the lower sales price, Fleet Foot wants to expand its product line to include men's dress socks. Each pair will sell for $ and cost $ from the supplier. Fixed costs will not change. Fleet expects to sell four pairs of dress socks for every one pair of hiking socks at its new $ sales price What is Fleet's weightedaverage contribution margin per unit? Given the : sales mix, how many of each type of sock will it need to sell to breakeven?
Complete the following table to compute the weightedaverage contribution margin per unit. Enter all amounts to the nearest cent.
tableHiking socks,Dress socks,Total,Sale price per unit,$$Less: Variable cost per unit,
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