Essay
Lakers Company produces two products.The following information is available:
Total fixed costs are $234,000.Lakers plans to sell 21,000 units of Product X and 7,000 units of Product Y.
Required:
A)Compute the contribution margin for each product.
B)What is the expected net income?
C)Assume the sales mix is 3 units of Product X for every 1 unit of Product Y.
What is the break-even point in units for each product?
D)Assume the sales mix is 3 units of Product X for every 2 units of Product Y.
What is the break-even point in units for each product?
Correct Answer:
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A)Product X: Contribution margin = $46 -...View Answer
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Correct Answer:
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