Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the blanket company (tbc) manufactures two types o

The Blanket Company (TBC) manufactures two types of blankets. One is made of...

50.1K

Verified Solution

Question

Accounting

The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per-unit contribution margin for each product follows.
Nylon Wool
Sales price $ 142 $ 194
Variable cost per unit (77)(74)
Contribution margin per unit $ 65 $ 120
TBC expects to incur annual fixed costs of $730,000. The relative sales mix of the products is 80 percent for Nylon and 20 percent for Wool.
Required
Determine the total number of products (units of Nylon and Wool combined) TBC must sell to earn a $106,000 profit.
How many units each of Nylon and Wool blankets must TBC sell to earn a $106,000 profit?
Prepare an income statement using the contribution margin format.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Victoria is going to invest into an account that pays 9% compounded daily. How much...

Geometry
1.2K views

Given 21 22 which similarity criteria proves that AABN AYXN Justify your thinking T B...

Biology
1.2K views

Use the Beer-Lambert law to explain how a colorimetric assay works in the spectrophotometer. In your...

Chemistry
1.2K views

3. A pipette is used to add 46 mL of 0.1 M Pb(NO3)2 to a...

Finance
1.2K views

63. List the primary differences between a civil case and a criminal case 64. Under what situations...

Accounting
1.2K views

(Show Work and Calculations) On January 2, 2011 N&M Company issued $1 Million of 5-year, 3% bonds...

Biology
1.2K views

What might be the best method for persuading people that what they are seeing is...

Basic Math
1.2K views

Find if possible AB and BA If not possible enter IMPOSSIBLE in any single cell...

Basic Math
1.2K views

Of the given values of x identify those at which the function is continuous f...

Calculus
1.2K views

The growth rate of the population of India is directly proportional to the current population....

Accounting
1.2K views

Eli Goldratt advocates that all manufacturing costs other than materials be treated as operating expenses...

Accounting
1.2K views

(0) Given i formation of Bolux Milling as follows Sales. 200000 Variable cost. 100000 Fixed...