Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mega Electronix sells television sets and DVD players.The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity
Mega Electronix sells television sets and DVD players.The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below. TV Division DVD Division Total Sales $763,520 $429,480 $1,193,000 Variable costs 549,734 240,509 790,243 Contribution margin $213,786 $188,971 402,757 Fixed costs 136,552 Net income $266,205 Determine sales mix percentage and contribution margin ratio for each division. (Round your answers to 2 decimal places, e.g. 0.27.) Sales Mix Percentage TV Division DVD Division Contribution margin ratio TV Division DVD Division Calculate the company's weighted-average contribution margin ratio. (Round your answer to 3 decimal places, e.g. 0.351.) Calculate the company's break-even point in dollars. $ Determine the sales level in dollars for each division at the break-even point. TV Division $ DVD Division $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
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