Question: Current Attempt in Progress Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements

Current Attempt in Progress Personal 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 $710,400 $399,600 $1,110,000 Variable costs 504,384 219,780 724,164 Contribution margin $206,016 $179,820 385,836 Fixed costs 142,516 Net income $243,320 Your answer is correct. Determine sales mix percentage and contribution margin ratio for each division. Sales Mix Percentage Tablet division 64 % Calculate the company's weighted-average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.26%.) Weighted-average contribution margin ratio eTextbook and Media Your answer is incorrect. 24.76 % Calculate the company's break-even point in dollars. (Round computations to 2 decimal places and final answer to O decimal places, e.g. 1,526.) Break-even point $ 411011 eTextbook and Media

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!