ACC Chapter 12

Assume MIX Inc. has sales volume of $1,360,000 for two products with June sales and contribution margin ratios as follows: Product A: Sales $620,000; Contribution Margin Ratio 30% Product B: Sales $740,000; Contribution Margin Ratio 60% Required: Assume MIXs fixed expenses are $340,000. Calculate the June total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume. (Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar.) Total contribution margin Operating income Average contribution margin ratio Breakeven sales volume %