Instructions Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gas grill, a larger stationary gas grill, and the specialty smoker. In the coming year, Texas-Q expects to sell 20,400 portable grills, 45,900 stationary grills, and 5,100 smokers. Information on the three models is as follows: Portable Stationary Smokers Price $85 $203 S251 Variable cost per unit 44 125 138 Total fixed cost is $2,144,010. 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 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 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 Sales Mix and Breakeven 1. What is the sales mix of portable grills to stationary grills smokers? 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 nearest dollar. Contribution Margin Ratio Break-Even Revenue $ Contribution Margin Income Statement 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. Texas-Q Company Income Statement For the Coming Year 1 2 3 4 5 Margin of Safety 4. Compute the margin of safety for the coming year. The margin of safety for the coming year is $