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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 $728,000 $392,000 $1,120,000

Variable costs 524,160 215,600 739,760

Contribution margin $203,840 $176,400 380,240

Fixed costs 136,479

Net income $243,761

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--------------------

enter a percentage number rounded to 0 decimal places%

iPod division-----------------

enter a percentage number rounded to 0 decimal places%

Contribution Margin Ratio

iPad division------------------

enter a percentage number rounded to 0 decimal places%

iPod division--------------------

enter a percentage number rounded to 0 decimal places%

Part 2

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-----------------------------

enter a percentage number of the weighted-average contribution margin ratio rounded to 2 decimal places%

Part 3

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---------------------------------

$enter the break-even point in dollars rounded to 2 decimal places

Part 4

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

iPad division-----------------

$enter a dollar amount rounded to 2 decimal places

iPod division------------------

$enter a dollar amount rounded to 2 decimal places

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