Mega Electronix sells television sets and Blu-ray DVD players. The business is divided into two divisions along product lines. A variable cost income statement
Mega Electronix sells television sets and Blu-ray DVD players. The business is divided into two divisions along product lines. A variable cost income statement for a recent quarter's activity is presented below: TV Division Blu-ray DVD Player Division Total Sales $918,000 $162,000 $1,080,000 Variable costs 642,600 119,880 762,480 Contribution margin $275,400 $42,120 317,520 Fixed costs 158,760 Operating income $158,760 (a) Determine the percentage of sales and the contribution margin for each division. Percentage of sales TV Division DVD Division Contribution margin % % do % do do %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started