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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 $ 762,600 $ 467,400 $ 1,230,000 Variable costs 541,446 257,070 798,516 Contribution margin $ 221,154 $ 210,330 431,484 Fixed costs 143,828 Net income $ 287,656 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 % eTextbook and Media 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 % eTextbook and Media Calculate the company's 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 $ 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 $ $
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