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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
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 $705,600 $414,400 $1,120,000 Variable costs 522,144 240,352 762,496 Contribution margin $183,456 $174,048 357,504 Fixed costs 128,318 Net income $229,186 Determine sales mix percentage and contribution margin ratio for each division. (Round answers to 0 decimal places, e.g. 15%.) Sales Mix Percentage iPad division iPod division % de % iPad division Contribution Margin Ratio de % iPod division % de
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