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Sheffield Chance Co sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the
Sheffield Chance Co sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the current year are presented below: VG Systems Total $1,100,000 Sales $440,000 Computers $660.000 462,000 $198.000 Variable costs 352,000 814.000 $88,000 286.000 Contribution margin Fixed costs Net income 225,420 $60.580 (a) Your answer is correct. Determine the sales mix and contribution margin ratio for each division Computers VG Systems Sales mix 60 %6 40 % Contribution margin ratio 30 %6 20 % eTextbook and Media Attempts: 1 of 5 used (b) X Your answer is incorrect. Calculate the company's weighted average contribution margin ratio. Weighted average contribution margin ratio 30 %
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