Question: I just can't figure out the average contribution margin ratio and the breakeven sales volume and the second part of the question. Assume MIX Inc.


I just can't figure out the average contribution margin ratio and the breakeven sales volume and the second part of the question.
Assume MIX Inc. has sales volume of $1,216,000 for two products with June sales and contribution margin ratios as follows: Product A: Sales $572,000; Contribution Margin Ratio 30% Product B: Sales $644,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $324,000. Calculate the June total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume. (Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar.) X Answer is complete but not entirely correct. $ 558,000 $ 234,000 Total contribution margin Operating income Average contribution margin ratio Breakeven sales volume 45.88 X % $ 706,190 X Current operating income for Bay Area Cycles Co. is $34,000. Selling price per unit is $100, the contribution margin ratio is 25%, and fixed expense is $136,000. Required: 1. Calculate Bay Area Cycle's breakeven point in units and total sales dollars. Break-even units Break-even dollars 2. Calculate Bay Area Cycle's margin of safety and margin of safety ratio. Margin of safety Margin of safety ratio %
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