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Mini-Exercise 12-7 (Algo) Sales Mix Shift and CVP Analysis LO 9, 10, 11 Assume MIX Inc. has sales volume of $1,288,000 for two products
Mini-Exercise 12-7 (Algo) Sales Mix Shift and CVP Analysis LO 9, 10, 11 Assume MIX Inc. has sales volume of $1,288,000 for two products with June sales and contribution margin ratios as follows: Product A: Sales $596,000; Contribution Margin Ratio 30% Product B: Sales $692,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $332,000. Calculate the June total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume. (Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar.) Total contribution margin Operating income Average contribution margin ratio Breakeven sales volume %
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