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Lakers Company produces two products X and Y The following information is presented for both products X Y Selling price per unit 46 36 Variable cost per unit 38 24 Total fixed costs are 234

Lakers Company produces two products, X and Y. The following information is presented for both products: 
                                                               X                         Y
Selling price per unit                           $46                        $36
Variable cost per unit                          $38                        $24
 
Total fixed costs are $234,000. Lakers Company plans to sell 21,000 units of product X and 7,000 units of product Y.
 Compute:
a. Contribution margin for each product
b. Current net income
c. Break-even point in units of both X and Y if the sales mix is 3 units of X for every unit of Y
d. Break-even volume in total dollars if the sales mix is 2 units of X for every 3 units of Y 

Jun 10 2021 View more View Less

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