Question

Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Unit sales price Unit variable costs Unit contribution margin Sales mix Pairs of Pairs of Range- Shoes Gloves Finder $105 $32 $245 5910205 $46 $22 $40 31% 41% 28%

Answer 1

Answer

• Requirement: CVP Income Statement

Sales - Shoes	$621,705
Sales - Gloves	$250,592
Sales - Range Finders	$1,310,260
Total Sales		$2,182,557
Variable Costs		$1,523,989
Contribution margin		$658,568
Fixed Cost		$658,568
Net Income (Loss)		$0

--Working

Sales - Shoes	=5921*105
Sales - Gloves	=7831*32
Sales - Range Finders	=5348*245
Total Sales		$2,182,557
Variable Costs		=2182557-658568
Contribution margin		=19100*34.48
Fixed Cost		658568
Net Income (Loss)		$0