Hi can i get some help for this question INFORMATION Product Sale price Cost price Sales commission (based on sale price) Custom design set $3,900 $2,400 5 Limited edition set $2,900 $1,900 2 Product Sale price Variable cost (alloy set) Variable cost (sales commission) Total variable cost Contribution Margin Weighted sales mix Weighted average contribution margin Custom design set $3,900 $2,400 $195 00 $2,595 00 $1,305 00 0 3 $391 50 Limited edition set $2,900 $1,900 $58 00 $1,958 00 $942 00 0 7 $659 40 Fixed costs $57,000 00 Weighted average contribution margin $1,050 90 Break even total (units) 54 24 Custom design set breakeven (units) 16 27 Limited edition sets breakeven (units) 37 97 QUESTION Shine Ltd managers would like to generate a target profit of $105,000 per month How many of each alloy wheel set must be sold to generate the target profit Calculate amount in total and for each product TIP A table like the one in requirement 2 can be used to calculate the relevant numbers in this question The weight sales mix can then be used to calculate the neccesary set of each alloy wheel set

The Answer is in the image, click to view ...

Question: Hi can i get some help for this question: INFORMATION: Product Sale price Cost price Sales commission (based on sale price) Custom design set $3,900

Hi can i get some help for this question:

INFORMATION:

Product	Sale price	Cost price	Sales commission (based on sale price)
Custom design set	$3,900	$2,400	5%
Limited edition set	$2,900	$1,900	2%

Product	Sale price	Variable cost (alloy set)	Variable cost (sales commission)	Total variable cost	Contribution Margin	Weighted sales mix	Weighted average contribution margin
Custom design set	$3,900	$2,400	$195.00	$2,595.00	$1,305.00	0.3	$391.50
Limited edition set	$2,900	$1,900	$58.00	$1,958.00	$942.00	0.7	$659.40

Fixed costs	$57,000.00
Weighted average contribution margin	$1,050.90
Break even total (units)	54.24
Custom design set breakeven (units)	16.27
Limited edition sets breakeven (units)	37.97

QUESTION:

Shine Ltd managers would like to generate a target profit of $105,000 per month. How many of each alloy wheel set must be sold to generate the target profit. Calculate amount in total and for each product.

TIP: A table like the one in requirement 2 can be used to calculate the relevant numbers in this question. The weight sales mix can then be used to calculate the neccesary set of each alloy wheel set.

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 General Management Questions!

Hi can i get some help for this question: Information: Product Sale price Cost price Sales commission (based on sale price) Custom design set $3,900 $2,400 5% Limited edition set $2,900 $1,900 2%...

Final Project 1 Computerized Accounting with Sage 50 Level 2 SI2O Copyright 2022 Project Code: SI1O v7-1 Project 1 Released: July 2012 Revised: November 24, 2022 Computerized Accounting with Sage 50...

The information provided in this test allows you to set up all ledgers for an Ontario company named DERMAL DECOR. Dermal Decor specializes in high quality aesthetic body art with sterile equipment....

Question: Compare how the strategy for lean manufacturing and Kencos system lead to unique production and information systems. Include in your discussion the design characteristics underlying each...

Question: Describe Kencos CI system; compare this to process change using traditional budgeting Abstract This case illustrates a strategy-driven costing system combining ideas from lean management...

Question: How would cost-plus pricing change continuous improvement at Kenco? (10 marks) Compare and explain fully the strategic and operational implications of cost-plus pricing versus Kencos...

Question: Kencos organizational design borrows ideas from both lean management and the Theory of Constraints. Describe the unique characteristics of Kencos design and accounting system that are...

Question: How do Kencos manufacturing and reporting systems support its key success factors (key strategic components) of product quality, on-time delivery, and cost? Abstract This case illustrates a...

Hi, I need help with this accounting case study, I find it confusing. Thank you in advance. Barbco Engineering Co.: Strategy-Driven Costing and Lean Management HISTORY, CHANGE, AND ENSUING LOSS...

Grading Course Name Louis Vuitton Student's Name Professor's Name [optional] University Table of Contents 1. EXECUTIVE...

For the system of figure below find the transfer function G(s)=X 1 (s)/F(s). K1 = 4 N/m K2 = 5 N/m f(t) fy, = 3 N-s/m M =Ikg Jv2=3N-s/m M,= 2 kg fva = 2 N-s/m! %3D

If the system starts from rest, the velocity of the body A after 18 seconds is m/s. (Assume pulley is frictionless, for block and surface = 0.2 and g = 10 m/s) A 10 kg 30 IT T 15 kg B

P 1 0 . 1 0 Caleb buys an 8 . 7 5 % corporate bond with a current yield of 5 . 6 % . When he sells the bond one year later, the current yield on the bond is 6 . 6 % . How much did Caleb make on this...

A farmer needs to move a hen, a fox, and a bushel of grain from the left side of the river to the right using a raft. The farmer can take one item at a time (hen, fox, or bushel of grain) using the...

Was the message well timed? Media and Purpose: List three messages you have read, viewed, or listened to lately (such as direct-mail promotions, letters, email or instant messages, phone...

General purpose Media and Purpose: List three messages you have read, viewed, or listened to lately (such as direct-mail promotions, letters, email or instant messages, phone solicitations, blog...

Was the message well timed? Media and Purpose: List three messages you have read, viewed, or listened to lately (such as direct-mail promotions, letters, email or instant messages, phone...