Assume Annie's Homemade sells one flavor of ice cream in $6-$ounce servings and $8-$ounce servings. A $6-$ounce serving sells for $$5$ and an $8-$ounce serving sells for $$6.$ The variable expense is $$1\mathrm{.}40$ per $6-$ounce serving and $$1\mathrm{.}80$ per $8-$ounce serving. The monthly fixed expenses are $$11,000.$ The company$$s most recent monthly contribution format income statement is shown below:

$6-$Ounce $8-$Ounce Total

Sales $ $24,000$ $ $12,000$ $ $36,000$

Variable expenses $6,7203,60010,320$

Contribution margin $ $17,280$ $ $8,40025,680$

Fixed expenses $11,000$

Net operating income $ $14,680$

Required:

In the most recent month:

What is the company$$s overall contribution margin $($CM$)$ ratio?

What is the company$$s break$-$even point in dollar sales?

In the most recent month:

How many $6-$ounce servings did the company sell?

How many $8-$ounce servings did the company sell?

How many total servings did the company sell?

Assume next month the total number of servings remains unchanged; however, $50\%$ of the servings sold are $6-$ounce portions and the remaining $50\%$ are $8-$ounce portions.

Prepare a new contribution format income statement based on the revised sales mix.

What is the revised break$-$even point in dollar sales?

Which of the following statements is true regarding the revised sales mix?

Assuming the company$$s production capacity exceeds its customer demand, which of the following is true?

For the $6-$ounce serving and the $8-$ounce serving, what is the contribution margin per ounce?

Assuming the company$$s customer demand far exceeds its production capacity, which of the following is true?

Which of the following statements is true?