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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 $831,600 590,436 $488,400 $1,320,000 268,620 859,056 Variable costs Contribution margin $241,164 $219,780 460,944 Fixed costs 141,775 Net income $319,169 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 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, e.g. 15.26%.) Weighted-average contribution margin ratio e Textbook and Media 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 $ e Textbook and Media 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, eg. 1,526.) Break-even point iPad division $ iPod division $
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