Question
Assume MIX Inc. has sales volume of $1,108,000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $436,000; Contribution
Assume MIX Inc. has sales volume of $1,108,000 for two products with May sales and contribution margin ratios as follows:
Product A: Sales $436,000; Contribution Margin Ratio 30% Product B: Sales $672,000; Contribution Margin Ratio 60%
Required:
Assume MIXs fixed expenses are $312,000. Calculate the May 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.)
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The Basics Of IT Audit Purposes Processes And Practical Information
Authors: Stephen D. Gantz
1st Edition
0124171591, 978-0124171596
