Question
Assume MIX Inc. has sales volume of $1,270,000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $490,000; Contribution
Assume MIX Inc. has sales volume of $1,270,000 for two products with May sales and contribution margin ratios as follows:
Product A: Sales $490,000; Contribution Margin Ratio 30% Product B: Sales $780,000; Contribution Margin Ratio 60%
Required:
Assume MIXs fixed expenses are $330,000. 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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