Question
Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarters
Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarters activity are presented below.
| Tablet Division | MP3 Player Division | Total | ||||
|---|---|---|---|---|---|---|
| Sales | $762,600 | $467,400 | $1,230,000 | |||
| Variable costs | 541,446 | 257,070 | 798,516 | |||
| Contribution margin | $221,154 | $210,330 | 431,484 | |||
| Fixed costs | 143,828 | |||||
| Net income | $287,656 |
(a)
Correct answer icon
Your answer is correct.
Determine sales mix percentage and contribution margin ratio for each division.
| Sales Mix Percentage | ||
|---|---|---|
| Tablet division | Enter percentages % | |
| MP3 Player division | Enter percentages % |
| Contribution Margin Ratio | ||
|---|---|---|
| Tablet division | Enter percentages % | |
| MP3 Player division | Enter percentages % |
eTextbook and Media
Attempts: 1 of 3 used
(b)
Calculate the companys weighted-average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.26%.)
| Weighted-average contribution margin ratio | Enter the weighted-average contribution margin ratio in percentages rounded to 2 decimal places |
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
Social Media Audit And Stats Audit And Statistics For Social Media Platforms
Authors: Virtual Desk Tools
1st Edition
B09JDX8Z9M, 979-8492994938
