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Exercise 19-10 (Part Level Submission) Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for
Exercise 19-10 (Part Level Submission) Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below. iPad Division Pod Division Total $806,400 580,608 $225,792 Sales $473,600 $1,280,000 845,824 434,176 137,376 $296,800 Variable costs 265,216 $208,384 Contribution margin32232- Flxed costs Net income Determine sales mix percentage and contribution margin ratio for each division. (Round answers to 0 decimal places, eg, 15%.) Sales Mix Percentage iPad division iPod division Contribution Margin Ratio iPad division iPod division Calculate the company's weighted-average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.26%.) Weighted-average contribution margin ratio Calculate the company's break-even point in dollars. (Round computations to 2 decimal places and final answer to 0 decimal places, e.g. 1,526.) Break-even point Determine the sales level in dollars for each division at the break-even point. (Round computations to 2 decimal places and final answers to 0 decimal places, e.g. 1,526.) Break-even point Pad division iPod division
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