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 21,600 portable grills, 54,000 stationary grills, and 5,400 smokers. Information on the three models is as follows: Portable Stationary Smokers Price $93 $202 $255 Variable cost per unit 46 129 137 Total fixed cost is $2,227,400. 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. 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 to smokers? 4:10:1 2. Compute the break-even quantity of each product. Break-Even Portable Grills 8,600 Break-Even Stationary Grills 21,500 Break-Even Smokers 2,150 1. See text section "Determining the Sales Mix." 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 $ Points: 0 / 2 Feedback Check My Work Question not attempted. Texas-Q Company Score: 0/51 Income Statement For the Coming Year 1 2 3 4. 5 140 4. Compute the margin of safety for the coming year. The margin of safety for the coming year is $ Points: 0/1 Feedback Check My Work Compute the difference between expected sales and break-even sales