A firm is selling two products, chairs and bar stools, each at $55 per

Question: A firm is selling two products, chairs and bar stools, each at $55 per unit. Chairs have a variable cost of $30, and bar stools $20. Fixed cost for the firm is $20,000. a. If the sales mix is 1:1 (one chair sold for every bar stool sold), what is the break-even point in dollars of sales? In units of chairs and bar stools? (Round up your unit answers to aShow transcribed image textCalculations are hand written:…View the full answerTranscribed image text: A firm is selling two products, chairs and bar stools, each at $55 per unit. Chairs have a variable cost of $30, and bar stools $20. Fixed cost for the firm is $20,000. a. If the sales mix is 1:1 (one chair sold for every bar stool sold), what is the break-even point in dollars of sales? In units of chairs and bar stools? (Round up your unit answers to a whole number before calculating the break-even point and round the break-even point to the nearest whole number.) Break-even point Number of chairs Number of bar stools M b. If the sales mix changes to 1:4 (one chair sold for every four bar stools sold), what is the break-even point in dollars of sales? In units of chairs and bar stools? (Round up your unit answers to a whole number before calculating the break-even point and round the break- even point to the nearest whole number.) Break-even point Number of chairs Number of bar stools 2