Sheffield Chance Co. sells computers and video game systems. The business is divided into two divisions...

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Sheffield Chance Co. sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the current year are presented below: Computers VG Systems Total Sales S660,000 $440,000 $1,100,000 Variable costs 462,000 352,000 814,000 Contribution margin $198,000 $88,000 286,000 Fixed costs 225,420 Net income $60,580 (a) Your answer is correct. Determine the sales mix and contribution margin ratio for each division. Computers VGSystems Sales mix 60 40 Contribution margin ratio 30 % 20 eTextbook and Media Attempts: 1 of 5 used (b) X Your answer is incorrect. Calculate the company's weighted-average contribution margin ratio. Weighted-average contribution margin ratio 3o % Sheffield Chance Co. sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the current year are presented below: Computers VG Systems Total Sales S660,000 $440,000 $1,100,000 Variable costs 462,000 352,000 814,000 Contribution margin $198,000 $88,000 286,000 Fixed costs 225,420 Net income $60,580 (a) Your answer is correct. Determine the sales mix and contribution margin ratio for each division. Computers VGSystems Sales mix 60 40 Contribution margin ratio 30 % 20 eTextbook and Media Attempts: 1 of 5 used (b) X Your answer is incorrect. Calculate the company's weighted-average contribution margin ratio. Weighted-average contribution margin ratio 3o %

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