References

Assume MIX Incorporated has sales volume of $$1,306,000$ for two products with May sales and contribution margin ratios as follows:

Product A: Sales $$502,000$; Contribution Margin Ratio $30\%$

Product B: Sales $$804,000$; Contribution Margin Ratio $60\%$

Required:

Assume MIX's fixed expenses are $$334,000.$ Calculate the May total contribution margin, operating income, average contribution

margin ratio, and breakeven sales volume.

Note: Round "Average contribution margin ratio" answer to $2$ decimal places. Round up "Breakeven sales volume" answer to

nearest whole dollar.