Tiger 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 |
Pairs of |
Range- |
|||||||
Unit sales price | $106 | $30 | $245 | ||||||
Unit variable costs | 61 | 11 | 202 | ||||||
Unit contribution margin | $45 | $19 | $43 | ||||||
Sales mix | 33 | % | 41 | % | 26 | % |
Fixed costs are $652,726.
Verify that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income. Prepare a CVP Income Statement
Particulars | Pair of Shoes | Pair of Gloves | Range Finder |
Sales price per unit | $ 106.00 | $ 30.00 | $ 245.00 |
Variable cost per unit | $ 61.00 | $ 11.00 | $ 202.00 |
Contribution margin (Sales per unit - variable cost per unit) | $ 45.00 | $ 19.00 | $ 43.00 |
Sales Mix % | 33% | 41% | 26% |
Weighted Contribution Margin (Contribution Margin * Sales Mix %) | $ 14.85 | $ 7.79 | $ 11.18 |
Total Weighted Contribution Margin | $ 33.82 |
Breakeven Point | = Fixed Costs/Total Weighted Contribution Margin) |
Breakeven Point | 19300.00 |
Particulars | Pair of Shoes | Pair of Gloves | Range Finder | Total |
Sales Mix % | 33% | 41% | 26% | 100% |
Units (Sales Mix % * Breakeven point) | 6369 | 7913 | 5018 | 19,300.00 |
Sales (Sales price per unit * units) | $ 675,114.00 | $ 237,390.00 | $ 1,229,410.00 | $ 2,141,914.00 |
Variable cost (variable cost per unit * units) | $ 388,509.00 | $ 87,043.00 | $ 1,013,636.00 | $ 1,489,188.00 |
Contribution margin (Sales - variable cost) | $ 286,605.00 | $ 150,347.00 | $ 215,774.00 | $ 652,726.00 |
Total Fixed Cost | $ 652,726.00 | |||
Net Income | $ - |
CVP Income Statement
Particulars | Total |
Units | 19,300.00 |
Sales (Sales price per unit * units) | $ 2,141,914.00 |
Variable cost (variable cost per unit * units) | $ 1,489,188.00 |
Contribution margin (Sales - variable cost) | $ 652,726.00 |
Total Fixed Cost | $ 652,726.00 |
Net Income | $ - |
Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below...
Tiger 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 Pairs of Gloves Range- Finder Unit sales price $106 $30 $245 Unit variable costs 61 11 202 Unit contribution margin $45 $19 $43 Sales mix 33 % 41 % 26 % Fixed costs are $652,726. Verify that the mix of sales units to be sold at the break-even point for each product line will generate...
Tiger 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 Pairs of Gloves Range- Finder Unit sales price $100 $30 $260 Unit variable costs 60 10 200 Unit contribution margin $40 $20 $60 Sales mix 35 % 55 % 10 % Fixed costs are $620,000. Verify that the mix of sales units to be sold at the break-even point for each product line will generate...
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% Calculate weighted average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.) Weighted average unit contribution margin $ 34.48 Compute the break-even point in units for the...
Tiger 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 Gloves Range- Finder $29 Pairs of Shoes $103 60 $43 32 % Unit sales price Unit variable costs Unit contribution margin Sales mix u $242 200 $42 $18 42% 26 % Fixed costs are $602,888. Calculate weighted average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.) Weighted average unit contribution margin Compute the...
Tiger 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 $105 Pairs of Gloves Range- Finder $30 $241 Unit sales price Unit variable costs Unit contribution margin Sales mix $43 $19 3396 Fixed costs are $584,200. Your answer is correct. Calculate weighted average unit contribution margin. (Round answer to 2 decimal places e.9. 10.25.) Weighted average unit contribution margin 01.75 Your answer is correct. Compute...
Fill in the income statement only.
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 $102 $28 $245 58 12 201 $44 $16 $44 38% 43% 19% Fixed costs are $588,064. Calculate weighted average unit contribution margin. (Round answer to 2 decimal places e.g. 10.25.) Weighted average unit...
Question 8 Tiger 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 Pairs of Gloves Range- Finder Shoes Unit sales price $104 $242 $33 Unit variable costs 58 12 203 Unit contribution margin $46 $21 $39 Sales mix 35 % 40 % 25 % Fixed costs are $750,075. Calculate weiqhted-average unit contribution marqin. (Round answer to 2 decimal places e.g. 10.25.) Weighted-average unit contribution margin LINK...
E6.9 (LO 2), AP Tiger Golf Accessories sells golf shoes, gloves, and a laser.guided range-finder that measures distance. Shown below are unit cost and sales data. Compute break-even point in units for a company with multiple products. $260 10 $ 40 $20 Pairs of Pairs of Range- Shoes Gloves Finder Unit sales price $100 $30 Unit variable costs 200 Unit contribution margin $ 60 Sales mix 35% 55% 10% Fixed costs are $620,000. Instructions a. Compute the break-even point in...
even point in units for ulriple products. range-finder than Range- Finder E6.9 (LO 2), AP Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-find measures distance. Shown below are unit cost and sales data. Pairs of Pairs of Shoes Gloves Unit sales price $100 $30 $260 Unit variable costs 200 Unit contribution margin $ 60 Sales mix 10% Fixed costs are $620,000. Instructions a. Compute the break-even point in units for the company. b. Determine the number of...
please help to determine the CVP Income Statement
Exercise 6-9 (Video) (Part Level Submission) Tiger 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 Pairs of Gloves Range- Finder $105 Unit sales price Unit variable costs Unit contribution margin Sales mix 59 $46 31 % $32 10 $22 41 % $245 205 $40 28 % Fixed costs are $658,568. (1) Your answer is correct. Calculate...