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What is meant by the term "sales mix"? What is the profit formula for a company with multiple products?
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What is meant by the term "sales mix"? What is the profit formula for a company with multiple products?
What is meant by the term "sales mix"? What is the profit formula for a company with multiple products?
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Managerial Accounting
Edition:
4
th
Author:
Davis
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Most companies produce or sell more than one type of product. Companies that sell multiple products need to know what results are required for the company, not individual products, to achieve certain targets. Sales mix is the proportional sales of each product relative to total sales of all products.
The CVP formula for a company with multiple products is (Contribution margin × units of 1
st
product) + (Contribution margin × units of 2
nd
product) - Fixed costs = Operating income. If more than two products exist, the formula continues as (Contribution margin × units of n-th product).
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calcrismore
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Thanks
Turboturner
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Good timing,
thanks!
Transonic
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Smart ... Thanks!
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