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please explain Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gas grill, a larger stationary gas grill, and the
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Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gas grill, a larger stationary gas grill, and the specialty smoker. In the coming year, Texas-Q expects to sell 18,000 portable grills, 49,500 stationary grills, and 4,500 smokers. Information on the three models is as follows: Total fixed cost is $2,218,470. Sales Mix and Breakeven 1. What is the sales mix of portable grills to stationary grills to smokers? 2. Compute the break-even quantily of each product. 3(a) What is the overall contribution margin ratio? Use the contribution margin ratio to compute overall break-even sales revenue. Enter the contribution margin ratio as a percentage rounded thiwo decimal places; round the break-even sales revenue to the nearest dollar. 3(b) Prepare an income statement for Texas- Q for the coming year. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement Step by Step Solution
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