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Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are
Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below. iPad Division iPod Division Total Sales $919,800 $540,200 $1,460,000 Variable costs 671.454 302.512 973,966 Contribution margin $248,346 $237.688 486,034 134.492 Fixed costs Net income $351,542 Your answer is correct. Determine sales mix percentage and contribution margin ratio for each division. (Round answers to decimal places, e.g. 15%.) Sales Mix Percentage iPad division 63 % iPod division 37 % Contribution Margin Ratio iPad division 27 Se iPod division 44 % * Your answer is incorrect. 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 se e Textbook and Media * Your answer is incorrect. Calculate the company's break-even point in dollars. (Round computations to 2 decimal places and final answer to decimal places, eg. 1.526.) Break-even point $ * Your answer is incorrect. Determine the sales level in dollars for each division at the break-even point. (Round computations to 2 decimal places and final answers to decimal places, eg. 1,526.) Break-even point iPad division $ iPod division $ e Textbook and Media Save for Later Attempts: 1 of 3 used Submit
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