80.2K

Verified Solution

Link Copied!

Need help. Please also show steps not just answers, I'm so stuck on this.

Exercise 19-09 a1-a2, b-c (Video) Sheridan Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Shoes $102 61 Pairs of Gloves $31 11 Unit sales price Unit variable costs Unit contribution margin Sales mix Range- Finder $242 200 $42 $20 30 % 40% 30% Fixed costs are $723,800. Your answer is correct. Calculate weighted average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.) Weighted-average unit contribution margin 32.9 Your answer is correct. Determine the number of units to be sold at the break-even point for each product line. Shoes Gloves Range Finders 6600 pairs of shoes 8800 pairs of gloves 6600 range-finders SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR EXERCISE Your answer is partially correct. Try again. Verify that the mix of units to be sold at the break-even point for each product line will generate a zero net income by computing the total contribution margin for each product line. Sales - Gloves 673200 Sales - Range-Finders 272800 Sales - Shoes 1597200 Total Sales 2543200 Variable Costs 1519400 Contribution Margin 1023800 Fixed Costs 723800 Net Income (Loss) 300000

Answer & Explanation Solved by verified expert

See Answer