Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E Ch. 19 Homework Question 3 of 5 > - /2 Personal Electronixsells computer tablets and MP3 players. The business is divided into two divisions

image text in transcribed

E Ch. 19 Homework Question 3 of 5 > - /2 Personal Electronixsells 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. Sales Variable costs Contribution margin Fixed costs Net income Tablet Division $619.000 606,060 $212,940 MP3 Player Division $441,000 251.370 $199.630 Total $1,260,000 857,430 402.570 129,078 $273.492 Determine sales mix percentage and contribution margin ratio for each division Sales Mix Percentage Tablet division 56 MP3 Player division Contribution Margin Ratio Tablet division MP3 Player division e Textbook and Media Calculate the company's weighted average contribution margin ratio. (Round computations and final answer to 2 decimal places, eg. 15.26%) Weighted average contribution margin ratio e Textbook and Media Calculate the company's break-even point in dollars. (Round computations to 2 decimal places and final answer to decimal places, 1.526.) Break-even point S e Textbook and Media Determine the sales level in dollars for each division at the break-even point (Round computations to 2 decimal places and final answers to decimal places, eg. 1.526.)

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

College Accounting Chapters 1-29

Authors: John J. Wild, Vernon J. Richardson, Ken W. Shaw

2nd Edition

0077398173, 978-0077398170

More Books

Students also viewed these Accounting questions