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Question - XYZ sells three products: Red, Blue and Yellow. The company has annual fixed costs of $ 280,000.
Last year, the company sold the three products: Red, Blue and Yellow in the ratio of 5:3:2. The accounting department has compiled the following data related to the three products:
Red
Blue
Yellow
Price per product
$15
$25
$13
Variable cost per product
$8
$12
$7
Required -
1. Calculate the break-even point in units and in sales dollars (in total and per product) for XYZ. Assume a constant sales mix.
2. How many units of each product needs to be sold to earn a target net profit of $100,000? Assume a constant sales mix.
3. List any two assumptions that managers must make in CVP calculations and how are they critical to decision making.
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