Blue Chance Co. sells computers and video game systems. The business is divided into two divisions...
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Blue Chance Co. sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the current year are presented below: Computers VG Systems Total Sales $700,000 $300,000 $1,000,000 Variable costs 420,000 210,000 630,000 Contribution margin $280,000 $90,000 370,000 Fixed costs 296,000 Net income $74,000 (a) Determine the sales mix and contribution margin ratio for each division. Sales mix Contribution margin ratio Computers VG Systems Blue Chance Co. sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the current year are presented below: Computers VG Systems Total Sales $700,000 $300,000 $1,000,000 Variable costs 420,000 210,000 630,000 Contribution margin $280,000 $90,000 370,000 Fixed costs 296,000 Net income $74,000 (a) Determine the sales mix and contribution margin ratio for each division. Sales mix Contribution margin ratio Computers VG Systems
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