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Pharoah Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's
Pharoah Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below. Tablet Division MP3 Player Division Total Sales $877,500 $472,500 $1,350,000 Variable costs 631,800 264,600 896,400 Contribution margin $245,700 $207,900 453,600 Fixed costs 138,096 Net income $315,504 Determine the sales mix percentage based on sales dollars and contribution margin ratio for each division. Sales Mix Percentage Tablet division % MP3 Player division % Contribution Margin Ratio Tablet division % MP3 Player division %
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