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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;
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 MIX's 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.) Total contribution margin Operating income Average contribution margin ratio Breakeven sales volume
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Accounting What the Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
12th edition
007802529X, 1259969525, 978-1260565492
