Pierson Pet Products produces two models of dog beds: Basic and Custom. Price, cost and expected...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Pierson Pet Products produces two models of dog beds: Basic and Custom. Price, cost and expected sales volume data for the two models are as follows: Selling price per bed Variable cost per bed Expected sales (beds) Basic Custom $ 72.00 $ 37.00 $ 30.00 144,000 $ 51.00 96,000 The total fixed costs for the company are $419,580. Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the expected product mix applies regardless of total sales, compute the break-even volume. c. If the product sales mix were to change to three Basic beds for each Custom bed, what would be the new break-even volume? Complete this question by entering your answers in the tabs below. Required A Required B Required B Required C What is the anticipated level or profits for the expected sales volumes? Profit Required A Required B Required C Assuming that the expected product mix applies regardless of total sales, compute the break-even volume. Note: In your computations, round up the total units to break-even to the nearest whole number and round other intermediate calculations to 2 decimal places. Break-Even Volume Basic beds Custom beds Required A Required B Required C If the product sales mix were to change to three Basic beds for each Custom bed, what would be the new break-even volume? Note: In your computations, round up the total units to break-even to the nearest whole number and round other intermediate calculations to 2 decimal places. Basic beds Custom beds Break-Even Volume Pierson Pet Products produces two models of dog beds: Basic and Custom. Price, cost and expected sales volume data for the two models are as follows: Selling price per bed Variable cost per bed Expected sales (beds) Basic Custom $ 72.00 $ 37.00 $ 30.00 144,000 $ 51.00 96,000 The total fixed costs for the company are $419,580. Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the expected product mix applies regardless of total sales, compute the break-even volume. c. If the product sales mix were to change to three Basic beds for each Custom bed, what would be the new break-even volume? Complete this question by entering your answers in the tabs below. Required A Required B Required B Required C What is the anticipated level or profits for the expected sales volumes? Profit Required A Required B Required C Assuming that the expected product mix applies regardless of total sales, compute the break-even volume. Note: In your computations, round up the total units to break-even to the nearest whole number and round other intermediate calculations to 2 decimal places. Break-Even Volume Basic beds Custom beds Required A Required B Required C If the product sales mix were to change to three Basic beds for each Custom bed, what would be the new break-even volume? Note: In your computations, round up the total units to break-even to the nearest whole number and round other intermediate calculations to 2 decimal places. Basic beds Custom beds Break-Even Volume
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Pierson Pet Products produces two models of dog beds: Basic and Custom. Price, cost, and expected sales volume data for the two models are as follows: Required The total fixed costs for the company...
-
The trend toward remote work and the geographic migration to micropolitan areas accelerated due to O A. an increase in workers getting college degrees OB. Generation Alpha entering the workforce OC....
-
The annual consumption of beef per person was about 64 7 lb in 2000 and about 60 3 lb in 2007 Assume B(t), the annual beef consumption t years after 2000, is decreasing according to the exponential...
-
Proponents of behavioral finance use three concepts to argue that markets are not efficient. What are these arguments?
-
Two cards are selected at random, without replacement, from a standard deck of 52 cards. Determine the probability that two aces are selected (use combinations). (A
-
Heritage, a general contractor, had filed a breach of contract action against an electrical subcontracting firm that had withdrawn its bid right before the contract was to be performed. A jury had...
-
Watts Company makes various electronic products. The company is divided into a number of autonomous divisions that can either sell to internal units or sell externally. All divisions are located in...
-
Construct factor trees for each of these numbers. (a) 108 (b) 378 (c) 550
-
The following transactions involving Cactus Wren Corporation occurred during the year: Apr. 1 Purchased 2,000 shares of its own preferred stock for $20, the current market price. This is the first...
-
Briefly comment on the following statement. A key component in a bad debt minimisation strategy is the early identification of doubtful debts.
-
Outline one internal control benefit of issuing statements of accounts to customers.
-
Briefly explain the internal control measures that should exist for electronic payments.
-
Briefly outline the internal controls that should exist over: a the processing of sales invoices, and b remittances from customers.
-
From the following transactions of Bouasing Trading Co for November 2022, prepare the sales journal (or general journal), post to the general ledger and prepare a trial balance. Assume your own...
-
A barge is loaded with 150 tons of coal. The weight of the empty barge in air is 35 tons. If the barge is 18 ft wide, 52 ft long, and 9 ft high, what is its draft (i.e., its depth below the water...
-
Write a program that initializes an array. It inputs a value from the user and searches the number in the array.
-
The following are various activities for Humphrey Insurance Agency. Required Suggest a feasible cost driver base for each of the following, and explain why each selected cost driver base is feasible....
-
Clairpointe Accessories manufactures products for food preparation at several different manufacturing sites. The following costs and other data apply to unit production from the year just ending: The...
-
Wanda Instrumentation produces navigational equipment for ships, aircraft (both staffed and drones), and land vehicles. The parts are produced to specification by their customers. Depending on the...
-
The expected effect on market efficiency of opening a securities market to trading by foreigners would be to: A. Decrease market efficiency. B. Leave market efficiency unchanged. C. Increase market...
-
Suppose that a speculative-grade bond issuer announces, just before bond markets open, that it will default on an upcoming interest payment. In the announcement, the issuer confirms various reports...
-
1. An analyst estimates that a securitys intrinsic value is lower than its market value. The security appears to be: A. Undervalued. B. Fairly valued. C. Overvalued. 2. A market in which assets...
Study smarter with the SolutionInn App