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View Policies Current Attempt in Progress Sheridan Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP

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View Policies Current Attempt in Progress Sheridan 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 $ 851,200 $ 478.800 $ 1,330,000 Variable costs 612.864 282.492 895,356 Contribution margin $ 238,336 $ 196,308 434,644 Fixed costs 132.354 Net income $ 302,290 Determine the sales mix percentage based on sales dollars and contribution margin ratio for each division. Sales Mix Percentage Tablet division % MP3 Player division % Contribution Margin Ratio Tablet division % MP3 Player division % e Textbook and Media Calculate the company's weighted average contribution margin ratio. (Do not round intermediate calculations; report final answer as a percentage rounded to 2 decimal places, e.g. 15.26%.) Weighted-average contribution margin ratio % e Textbook and Media Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations; round final answer to 0 decimal places, e.g. 1,526.) Break-even point $ e Textbook and Media Determine the sales level in dollars for each division at the break-even point. (Do not round intermediate calculations; round final answer to 0 decimal points, e.g. 1,526.) Break-even point Tablet division $ MP3 Player division $ e Textbook and Media

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