Question
Marigold Chance Co. sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the
Marigold Chance Co. sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the current year are presented below: Computers VG Systems Total Sales $752,000 $188,000 $940,000 Variable costs 376,000 112,800 488,800 Contribution margin $376,000 $75,200 451,200 Fixed costs 178,080 Net income $273,120 (a) Determine the sales mix and contribution margin ratio for each division. Computers VG Systems Sales mix enter percentages % enter percentages % Contribution margin ratio enter percentages % enter percentages % Attempts: 0 of 1 used
Marigold Chance Co. sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the current year are presented below: Computers VG Systems Total Sales $752,000 $188,000 $940,000 Variable costs 376,000 112.800 488,800 Contribution margin $376,000 $75,200 451,200 Fixed costs 178,080 Net income $273.120 (a) Determine the sales mix and contribution margin ratio for each division. Computers VG Systems Sales mix % Contribution margin ratio % Save for Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part aboveStep by Step Solution
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