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Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's
Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below. Tablet Division MP3 Player Division Total Sales $838,400 $471,600 $1,310,000 Variable costs 620.416 259,380 879,796 Contribution margin $217,984 $212,220 430,204 Fixed costs 133,002 Net income $297,202 Determine sales mix percentage and contribution margin ratio for each division. Sales Mix Percentage Tablet division MP3 Player division Tablet division MP3 Player division 64 % 36 % Contribution Margin Ratio 26 % 45 % * Your answer is incorrect. Calculate the company's weighted-average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.26%.) Weighted-average contribution margin ratio 35.5
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