Instructions Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gasgrill, a larger stationary gas grill, and the specialty smoker. In the coming year, Texas-Q expects to sell 16,200 portable grills, 48,600 stationary grills, and 5,400 smokers. Information on the three models is as follows: Portable $93 Stationary $203 Smokers $250 Price Variable cost per unit 49 131 141 Total fixed cost is $1,911,350. 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. Prepare an income statement for Texas-Q for the coming year. What is the overall contribution margin ratio? Use the contribution margin ratio to compute overal 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. Amount Descriptions Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income Operating loss Sales Total contribution margin Total fixed cost Total variable cost Shaded cells have feedbac 1. What is the sales mix of portable grills to stationary grills to smokers? 3:9:1 Points: 2 Compute the break even quantity of each product Break Even Portable Grills Break-Even Stationary Grills Break-Even Smokers 3(a) 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 newest dollar. Contribution Margin Ratio Break-Even Revenue Points: 0/2 Feedback Check My Work Divide total contribution margin by sales. Divide fred costs by contribution margin ratio SU LES TV TELU 3(b) Prepare an income statement for Texas-Q for the coming year. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement Question not attempted. Texas-Q Company Score: 0/51 Income Statement For the Coming Year Margin of Safety Shaded cells have feedback. 4. Compute the margin of safety for the coming year. The margin of safety for the coming year is $ KPoints: 0/1 Feedback Check My Work Compute the difference between expected sales and break-even sales