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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 $888,300 $521,700 $1,410,000 Variable costs 657,342 297,369 954,711 Contribution margin $230,958 $224,331 455,289 Fixed costs 129,160 Net income $326,129 (a) (b) Your answer is correct. Determine sales mix percentage and contribution margin ratio for each division. Tablet division MP3 Player division Sales Mix Percentage 63 % 37 % Tablet division Contribution Margin Ratio 26 % MP3 Player division eTextbook and Media Your answer is correct. 43 % Attempts: 2 of 3 used
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