Multiple$-$Product Break$-$even, Break$-$Even Sales Revenue

Andrews Sporting Goods, Inc., produces and sells children's softball mitts: vinyl mitts and basic leather mitts. Last year, Andrews sold $24,000$ vinyl mitts and $12,000$ leather mitts. Information on the two products is as follows:

Total fixed cost is $\backslash (\backslash$$ $106,180\backslash ).$

Suppose that in the coming year, the company plans to produce an autographed mitt. The company estimates that $6,000$ autographed mitts can be sold at a price of $\backslash (\backslash$$ $22\backslash )$ and a variable cost per unit of $\backslash (\backslash$$ $11\backslash ).$ Total fixed cost must be increased by $\backslash (\backslash$$ $35,390\backslash )($making total fixed cost $\backslash (\backslash$$ $141,570)\backslash ).$ Assume that anticipated sales of the other products, as well as their prices and variable costs, remain the same.

$3$b$.$ What is the overall contribution margin ratio? Use the contribution margin ratio to compute overall break$-$even sales revenue. $($Note: Round the contribution margin ratio to the nearest whole percent; round the break$-$even sales revenue to the nearest dollar.$)$

Overall contribution margin ratio

Overall break$-$even sales revenue

$4.$ Compute the margin of safety for the coming year in sales dollars.

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