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		$793,800		$466,200		$1,260,000
Variable costs		563,598		256,410		820,008
Contribution margin		$230,202		$209,790		439,992
Fixed costs						143,172
Net income						$296,820

(a)

Determine sales mix percentage and contribution margin ratio for each division.

		Sales Mix Percentage
Tablet division		63 %
MP3 Player division		37 %

		Contribution Margin Ratio
Tablet division		29%
MP3 Player division		45%

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 %