Accounting Assignment | College Homework Help

Question 1: Cost-Volume-Profit Analysis Huge Tents and Towels Limited produces and sells three types of products. The key financial information related to these products are as follows: Activity Selling Price Direct Material (per unit) Direct Labour (per unit) Variable Manufacturing Overhead (per unit) Variable Selling Expense (per unit) Fixed Manufacturing Overhead (total) Fixed Administrative Overhead (total) Fixed Marketing (total) Mitch’s Mother Tents $478.00 $111.00 $55.00 $91.00 $32.00 $22,000,000 $24,000,000 $9,000,000 Huge Itchy Towels $286.00 $35.00 $26.00 $42.00 $39.00 $140,000,000 $65,000,000 $25,000,000 Instructor Face Mask $121.00 $15.00 $27.00 $32.00 $15.00 $25,000,000 $88,000,000 $71,000,000 In 2026 the company projects a sales mix of 20:50:30. The company is planning to product and sell a total of 40,000,000 units in 2026. Required: 1) Given the sales mix noted, what is the number of items that need to be sold in 2026 for Huge Tents and Towels Limited to breakeven. 2) Given the sales mix noted, what is the total revenue in 2026 that Huge Tents and Towels Limited will make at the breakeven point. 3) Given the sales mix noted, what is the number of items that need to be sold in 2026 for Huge Tents and Towels Limited to if the CFO stated the company needed to achieve a net income of $201,000,000. 4) Given the sales mix noted, what is the sales revenue in 2026 for Huge Tents and Towels Limited if the CFO stated the company needed to achieve a net income of $421,000,000.