eBook Contribution Margin Ratio, Break-Even Sales Revenue, and Margin of Safety for Multiple-Product Instructions Instructions Amount Descriptions Sales Mix and Breakeven Contribution Margin Incor Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gas grill, a larger stationary gas grill, and the specialty smoker. In the coming year, Texas-Q expects to sell 22,000 portable grills, 60,500 stationary grills, and 5,500 smokers. Information on the three models is as follows: Portable Stationary Smokers Price $89 $197 $253 Variable cost per unit 42 128 140 Total fixed cost is $2,279,000. Required: 1. What is the sales mix of portable grills to stationary grills to smokers? 2. Compute the break-even quantity of each product 3. Prpare an income statement for Texas-Q for the coming year. What is the overall contribution margin ratio? Use the contribution margin ratio to compute overall break-even sales revenue. Enter the contribution margin ratio as a percentage rounded to two decimal places; round the break-even sales revenue to the nearest dollar 4. Compute the margin of safety for the coming year. Check My Work