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 22,000 portable grills, 60,500 stationary grills, and 5,500 smokers. Information on the three models is as follows: Portable Smokers Stationary $197 Price $86 $251 Variable cost per unit 48 128 142 Total fixed cost is $2,213,400. 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 Descriptions Refer to the list below for the exact wording of text items within your income statement Amount Descriptions Operating income Operating loss Sales Total contribution margin Total fixed cost Total variable cost Sales Mix and Breakeven 1. What is the sales mix of portable grills to stationary grills to smokers? 4:11:1 2. Compute the break-even quantity of each product. Break-Even Portable Grills Break-Even Stationary Grills Break-Even Smokers 3(a) 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 $ 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 Texas-Q Company Income Statement For the Coming Year 1 2 3 4 5