Assume MIX Incorporated has sales volume of $1,180,000 for two products with May sales and contribution margin ratios as follows:

Product A: Sales $460,000; Contribution Margin Ratio 30% Product B: Sales $720,000; Contribution Margin Ratio 60%

Required:

Assume MIX's fixed expenses are $320,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume.

Note: Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar.

What is the...

Total contribution margin

Operating income

Average contribution margin ratio%

Breakeven sales volume