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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
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 $780,800 $499,200 $1,280,000 Variable costs 569,984 279.552 849,536 Contribution margin $210,816 $219,648 430,464 Fixed costs 137,883 Net income $292,581 Calculate the company's weighted-average contribution margin ratio. (Round computations and final answer to 2 decimal places, eg 15.26%) Weighted-average contribution margin ratio %
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
