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 $854,000 $546,000 $1,400,000 Variable costs 631,960 300,300 932,260 Contribution margin $222,040 $245,700 467,740 Fixed costs 136,981 Net income $330,759 Determine sales mix percentage and contribution margin ratio for each division. Sales Mix Percentage Tablet division % MP3 Player division % Contribution Margin Ratio Tablet division % MP3 Player division % LINK TO TEXT 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 % LINK TO TEXT Calculate the companys break-even point in dollars. (Round computations to 2 decimal places and final answer to 0 decimal places, e.g. 1,526.) Break-even point $ LINK TO TEXT Determine the sales level in dollars for each division at the break-even point. (Round computations to 2 decimal places and final answers to 0 decimal places, e.g. 1,526.) Break-even point Tablet division $ MP3 Player division $ Click if you would like to Show Work for this question: Open Show Work
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