Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Show Attempt History Current Attempt in Progress Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Show Attempt History Current Attempt in Progress Personal 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 Sales $968,500 $521,500 $1,490,000 Variable costs 687,635 286,825 974,460 Contribution margin $280,865 $234,675 515,540 Fixed costs 142,206 Net income $373,334 Your answer is correct. Determine sales mix percentage and contribution margin ratio for each division Sales Mix Percentage Your answer is correct. Determine sales mix percentage and contribution margin ratio for each division. Sales Mix Percentage Tablet division 65 % MP3 Player division 35 % Contribution Margin Ratio Tablet division 29 % MP3 Player division 45 96 e Textbook and Media Attempts: 1 of 2 used Your answer is correct. Calculate the company's weighted average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.26%.) Weighted average contribution margin ratio 34.60 % e Textbook and Media Attempts: 1 of 2 used Your answer is correct. Calculate the company's break-even point in dollars. (Round computations to 2 decimal places and final answer too decimal places, e.g. 1,526.) Your answer is correct. Calculate the company's break-even point in dollars. (Round computations to 2 decimal places and final answer too decimal places, e.g. 1,526.) Break-even point $ 411000 e Textbook and Media Attempts: 1 of 2 used Determine the sales level in dollars for each division at the break-even point. (Round computations to 2 decimal places and final answers to 0 decimal places, e.g. 1,526.) Break-even point Tablet division MP3 Player division $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Students also viewed these Accounting questions

Question

If f(x) f'(x) = f'(2) = = COS X - 4 tan x, then

Answered: 1 week ago