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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 presente below iPod Division Total Sales Variable costs Contribution margin Fixed costs Net income iPad Division $819,000 606,060 $212,940 $441,000 $1,260,000 857,430 402,570 129,078 $273,492 251,370 $189,630 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
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