keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator &inprogress false Book Contribution Margin Ratio, Break-Even Sales Revenue, and Margin of Safety for Multiple-Product Firm Amount Descriptions Sales Mix and Breakeven Contribution Margin Income Statement Instructions Texas- Company produces and sells barbeque grills. Texas-sells three models: a small portable gasgril, a larger stationary gas grill, and the specialty smoker. In the coming year, Texas- expects to sell 20.800 portable grils, 52,000 stationary grills, and 5.200 smokers. Information on the three models is as follows: Portable Smokers Stationary 5205 585 $247 Price Variable cost per unit 44 131 142 Total fixed cost is $2.118.900 Required: 1. What is the sales mix of portable grils to stationary grills to smokers? 2. Compute the break-even quantity of each product 3. Prepare an income statement for Texas for the coming year. What is the overal contribution margin ratio? Use the contribution margin ratio lo compute overal break-even sales revenue Enter the contribution marginalio as a percentage rounded to two decimal places, round the broad ever sales revenue to the nearest dollar 4. Compute the margin of safety for the coming year. Check My Work Pneus keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator &inprogress false Book Contribution Margin Ratio, Break-Even Sales Revenue, and Margin of Safety for Multiple-Product Firm Amount Descriptions Sales Mix and Breakeven Contribution Margin Income Statement Instructions Texas- Company produces and sells barbeque grills. Texas-sells three models: a small portable gasgril, a larger stationary gas grill, and the specialty smoker. In the coming year, Texas- expects to sell 20.800 portable grils, 52,000 stationary grills, and 5.200 smokers. Information on the three models is as follows: Portable Smokers Stationary 5205 585 $247 Price Variable cost per unit 44 131 142 Total fixed cost is $2.118.900 Required: 1. What is the sales mix of portable grils to stationary grills to smokers? 2. Compute the break-even quantity of each product 3. Prepare an income statement for Texas for the coming year. What is the overal contribution margin ratio? Use the contribution margin ratio lo compute overal break-even sales revenue Enter the contribution marginalio as a percentage rounded to two decimal places, round the broad ever sales revenue to the nearest dollar 4. Compute the margin of safety for the coming year. Check My Work Pneus