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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.
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 19,600 portable grills, 49,000 stationary grills, and 4,900 smokers Information on the three models is as folows: Portable Stationary Smokers 09 $201 $252 Variable cost per unit 48 127 139 tved cost is Total fixed cost is $2.145.870 Require 1. What is the sales mix of portsbie gnils smokers? 2. Compute the bresk-even quantity of each product 3. Prepare an income statement for Texas-O for the coming year What is the overaN contribution margun ratio? Use to stationary grits to overall contribution margin margin ratio as a percentage rounded to the contribution margin two decimai pieces, round the ratio to compute overal break-even sales revenue Enter t the contibution break-even sales revsnue to the nearest dollar 4. Compute the margin of safety for the coming year coming year Sales Mix and Breakeven 1. What is the sales mix of portable grills o stationary grills to smokers? 2 Compute the break-even quantity of each product Break-Even Portable Grils Break-Even Stationary Grills Break-Even Smokers 3a) Whar is the overal contnbution margin ratio? use the contnbution margin ratio to compute overal break-even sales revenue. Enter the contribution margin ratio ss e percentage rounded to two decimal pisces round the break-even saies revenue to the nearest dois Contribution Margin Ratio Break-Even Revenue Contribution Margin Income Statement 3(b) Prepare an income statement for Texas-Q for the coming year. Refer to the list of Amount for the exact wording of text items within your income statemenit. Texas-Q Company Income Statement For the Coming Year Sales 2Total variable cost 3 Total contribution margin 4Total fixed cost S Operating income Margin of Safety 4. Compute the margin of safety for the coming year. The margin of safety for the coming year is
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