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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 belovw iPad Division iPod Division Total Sales Variable costs Contribution margin Fixed costs Net income $864,500 613,795 $250,705 $465,500 274,645 $190,855 1,330,000 888,440 441,560 134,460 $307,100 Determine sales mix percentage and contribution margin ratio for each division. (Round answers to 0 decimal places, eg. 15%.) Sales Mix Percentage Pad division iPod division Contribution Margin Ratio iPad division iPod division 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
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