Topic 4 Assignment

Assume MIX Incorporated has sales volume of $1,072,000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $424,000; Contribution Margin Ratio 30% Product B: Sales \$648,000; Contribution Margin Ratio 60\% Required: Assume MIX's fixed expenses are $308,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume. Note: Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar