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CVP; multiproduct Mel$$s Accessories sells wallets and money clips. Historically, the firm$$s sales have averaged three wallets for every money clip. Each wallet has an $$8$ contribution margin, and each money clip has a $$6$ contribution margin. Mel$$s incurs fixed cost in the amount of $$180,000.$ The selling prices of wallets and money clips, respectively, are $$30$ and $$15.$ The corporate$-$wide tax rate is $40$ percent. a$.$ How much revenue is needed to break even? $Answer How many wallets and money clips does this represent? Answer wallets Answer money clips b$.$ How much revenue is needed to earn a pre$-$tax profit of $$150,000?$ Note: Do not round until you determine the number of units of each product; round number of units to the next highest whole unit in your calculations. $Answer c$.$ How much revenue is needed to earn an after$-$tax profit of $$150,000?$ Note: Do not round until you determine the number of units of each product; round number of units to the next highest whole unit in your calculations. $Answer d$.$ If Mel$$s earns the revenue determined in $($b$)$ but does so by selling five wallets for every two money clips, what would be the pre$-$tax profit $($or loss$)?$ Note: Do not round until you determine the number of units of each product; round number of units to the next highest whole unit in your calculations. $Answer

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