Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cullumber Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's

image text in transcribed
image text in transcribed
image text in transcribed
Cullumber Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below. Tablet Division MP3 Player Division Total Sales $787,500 $462.500 $1.250,000 Variable costs 574,875 254,375 829,250 $212,625 $208,125 420.750 Contribution margin Fixed costs Net income 138,006 $282.744 Determine the sales mix percentage based on sales dollars and contribution margin ratio for each division Sales Mix Percentage Tablet division MP3 Player division Contribution Margin Ratio Tablet division MP3 Player division Calculate the company's weighted average contribution margin ratio. (Do not round intermediate calculations, report final answer as a percentage rounded to 2 decimal places, eg. 15.26%) Weighted average contribution margin ratio % e Textbook and Media Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations; round final answer to O decimal places, eg. 1,526) Break-even point $ eTextbook and Media Determine the sales level in dollars for each division at the break-even point. (Do not round intermediate calculations; round final answer to decimal points, eg. 1,526.) Break-even point Tablet division $ MP3 Player division $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cloud Computing Data Auditing Algorithm

Authors: Manjur Kolhar, Abdalla Alameen, Bhawna Dhupia, Sadia Rubab, Mujthaba Gulam

1st Edition

1946983144, 978-1946983145

More Books

Students also viewed these Accounting questions

Question

Assess Your Civility (LO2.10) Look at Table

Answered: 1 week ago

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago