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Fill in the Blank Question A company sells 3 products: A, B, and C. Its annual fixed costs average $400,000, and its target operating income is $1 million. Each product's contribution margin ratio (CM%) and relative sales mix are shown below: Product A's CM% = 30% (60% of the sales mix) Product B's CM% = 40% (30% of the sales mix) Product C's CM% = 50% (10% of the sales mix) 1. The company's average contribution margin ratio is %. 2. The amount of sales required to achieve the target operating income is $ Need help? Review these concept resources