Required:1.What is the sales mix of portable grills to stationary grills to smokers?

2.Compute the break-even quantity of each product.

3.Prepare an income statement for Texas-Q for the coming year. 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 to two decimal places; round the break-even sales revenue to the nearest dollar.

4.Compute the margin of safety for the coming year.

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 15,900 portable grills, 58,300 stationary grills, and 5,300 smokers Information on the three models is as follows: Portable Stationary Smokers Price S88 $202 $255 Variable cost per unit 45 131 137 Total fixed cost is $2,189,640. Required: 1. What is the sales mix of portable grills to stationary grills to smokers? 2. Compute the break-even quantity of each product. 3. Prepare an income statement for Texas-Q for the coming year. 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 to two decimal places, round the break-even sales revenue to the nearest dollar. 4. Compute the margin of safety for the coming year. Amount Donorintionn Sales Mix and Breakeven 1. What is the sales mix of portable grills to stationary grills to smokers? 3:11:1 Points: | 1/1 2. Compute the break-even quantity of each product. Break-Even Portable Grills Break-Even Stationary Grills Break-Even Smokers Points: 0/3 3(e) 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 to two decimal places; round the break-even sales revenue to the nearest dollar. Contribution Margin Ratio % Break-Even Revenue $ Points: 072 Contribution Margin Income Statement 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 Question not attempted. Texas-Q Company Score: 0/51 Income Statement For the Coming Year 1 2 3 5 Points: 0 / 10 Margin of Safety 4. Compute the margin of safety for the coming year. The margin of safety for the coming year is $ Points: 0/1