Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 Total Sales iPod Division $414,400 240,352 $174,048 $705,600 522,144 $183,456 Variable costs Contribution margin Fixed costs $1,120,000 762,496 357,504 128.318 $229,186 Net income Your answer is partially correct. 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 63 % iPod division 37 % Contribution Margin Ratio iPad division 16.38 % iPod division 15.54 % X Your answer is incorrect. 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 20.46 % e Textbook and Media X Your answer is incorrect. 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 $ 627165.2 X 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 O decimal places, e.g. 1,526.) Break-even point iPad division 395114 iPod division 232051
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started