Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sandhill 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

image text in transcribed
image text in transcribed
image text in transcribed
Sandhill 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 $1,220,000 Sales $ 780,800 $ 439,200 Variable costs 554,368 259,128 813.496 $ 226,432 $ 180,072 406,504 Contribution margin Fixed costs Net income 134,946 $ 271.558 Your answer is partially correct. Determine the sales mix percentage based on sales dollars and contribution margin ratio for each division Sales Mix Percentage Tablet division 64% MP3 Player division 36% Contribution Margin Ratio Tablet division MP3 Player division 94 Calculate the company's weighted-average contribution margin ratio. (Do not round intermediate calculations, report final answer as a percentage rounded to 2 decimal places, eg. 15.26%.) Weighted average contribution margin ratio % eTextbook and Media X Your answer is incorrect. Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations; round final answer to decimal places, es. 1,526) Break-even point e Textbook and Media X Your answer is incorrect Determine the sales level in dollars for each division at the break-even point (Do not round intermediate calculations: round final answer to 0 decimal points, c.8. 1.526.) Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations, round final answer to O decimal places, eg. 1,526) Break-even point e Textbook and Media X Your answer is incorrect Determine the sales level in dollars for each division at the break-even point. (Do not round intermediate calculations round final answer to decimal points, eg. 1,526) Break-even point Tablet division $ MP3 Player division eTextbook and Media

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus And Its Applications

Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar

14th Edition

0134437772, 9780134437774

Students also viewed these Accounting questions