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Exercise 6-10 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 6-10 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 $835,700 618,418 $217,282 $534,300 $1,370,000 922,969 447,031 132,478 $314,553 304,551 $229,749 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. 15.26%.) Weighted-average contribution margin ratio
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