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Exercise 19-10 Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's
Exercise 19-10 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. iPod Division Total Sales Variable costs Contribution margin Fixed costs Net income iPad Division $710,400 504,384 $206,016 $399,600 $1,110,000 724,164 385,836 142,864 $242,972 219,780 $179,820 Determine sales mix percentage and contribution margin ratio for each division. (Round answers to 0 decimal places, e.g. 15%.) Sales Mix Percentage iPad division iPod division Contribution Margin Ratio iPad division iPod division LINK TO TEXT VIDEO: SIMILAR EXERCISE Calculate the company's weighted-average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.2696.) Weighted-average contribution margin ratio
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