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 14,100 portable grills, 51,700 stationary grills, and 4,700 smokers. Information on the three models is as follows: Portable Smokers Stationary $205 Price $89 $255 Variable cost Amount Descriptions per unit 44 133 140 Refer to the list below for the exact wording of text items within your income statement. Total fixed cost is $2,261,140. Amount Descriptions Required: Operating income 1. What is the sales mix of portable grills to stationary grills to smokers? Operating loss 2. Compute the break-even quantity of each product. Sales Total contribution margin 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. Total fixed cost Total variable cost Sales Mix and Breakeven Contribution Margin Income Statement 1. What is the sales mix of portable grills to stationary grills to smokers? 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 2. Compute the break-even quantity of each product. Break-Even Portable Grills Texas-Q Company Break-Even Stationary Grills Income Statement Break-Even Smokers For the Coming Year 2 3(e) 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 3 Contribution Margin Ratio % 5 Break-Even Revenue $ Margin of Safety X 4. Compute the margin of safety for the coming year. The margin of safety for the coming year is $