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Monty Chance Co. sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the
Monty 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 $784,000 $196,000 $980,000 Variable costs 392,000 117,600 509.600 Contribution margin $392,000 $78,400 470,400 Fixed costs 190,080 Net income $280,320 (a) Determine the sales mix and contribution margin ratio for each division. Sales mix Contribution margin ratio (b) eTextbook and Media Save for Later Computers VG Systems % % % % Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above
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