Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gas grill,...

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Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gas grill, a larger stationary gas grill, and the specialty smoker. In the coming year, Texas-Q expects to sell 15,000 portable grills, 45,000 stationary grills, and 5,000 smokers. Information on the three models is as follows: Portable Stationary Smokers Price $91 $196 $250 Variable cost per unit 43 127 142 Total fixed cost is $1,885,680. Required: 1. What is the sales mix of portable grills to stationary grills to smokers? 2. Compute the break-even quantity of each product. 3. Prepare an income statement for Texas-Q for the coming year. What is the overall contribution margin ratio? Use the contribution margin ratio to compute overall break-even sales revenue. Enter the contribution margin ratio as a percentage rounded to two decimal places; round the break-even sales revenue to the nearest dollar. 4. Compute the margin of safety for the coming year. Amount Descriptions Contribution Margin Income Statement Shaded cells have feedback. X Sales Mix and Breakeven Shaded cells have feedback. * Техаs-O Compапу Score: 0/51 1. What is the sales mix of portable grills to stationary grills to smokers? 3:9:1 Refer to the list below for the exact wording of text Income Statement items within your income statement. K Points: 1/1 For the Coming Year Amount Descriptions 1 Operating incorme 2. Compute the break-even quantity of each product. Operating loss 3 5,267 X Break-Even Portable Grills Sales Break-Even Stationary Grills 15,801 X Total contribution margin Break-Even Smokers 1,755 X 5 Total fixed cost K Points: 0/3 Total variable cost K Points: 0/10 Feedback Margin of Safety Shaded cells have feedback. X 3(a) What is the overall contibution margin ratio? Use the contribution margin ratio to compute overal break-even sales revenue. Enter the contribution margin ratio as a percentage rounded to 4. Compute the margin of safety for the coming year. two decimal piaces; round the break-even sales revenue to the nearest dollar. The margin of safety for the coming year is s Contribution Margin Ratio Points: 0/1 Break-Even Revenue $4 K Points: 0/2 Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gas grill, a larger stationary gas grill, and the specialty smoker. In the coming year, Texas-Q expects to sell 15,000 portable grills, 45,000 stationary grills, and 5,000 smokers. Information on the three models is as follows: Portable Stationary Smokers Price $91 $196 $250 Variable cost per unit 43 127 142 Total fixed cost is $1,885,680. Required: 1. What is the sales mix of portable grills to stationary grills to smokers? 2. Compute the break-even quantity of each product. 3. Prepare an income statement for Texas-Q for the coming year. What is the overall contribution margin ratio? Use the contribution margin ratio to compute overall break-even sales revenue. Enter the contribution margin ratio as a percentage rounded to two decimal places; round the break-even sales revenue to the nearest dollar. 4. Compute the margin of safety for the coming year. Amount Descriptions Contribution Margin Income Statement Shaded cells have feedback. X Sales Mix and Breakeven Shaded cells have feedback. * Техаs-O Compапу Score: 0/51 1. What is the sales mix of portable grills to stationary grills to smokers? 3:9:1 Refer to the list below for the exact wording of text Income Statement items within your income statement. K Points: 1/1 For the Coming Year Amount Descriptions 1 Operating incorme 2. Compute the break-even quantity of each product. Operating loss 3 5,267 X Break-Even Portable Grills Sales Break-Even Stationary Grills 15,801 X Total contribution margin Break-Even Smokers 1,755 X 5 Total fixed cost K Points: 0/3 Total variable cost K Points: 0/10 Feedback Margin of Safety Shaded cells have feedback. X 3(a) What is the overall contibution margin ratio? Use the contribution margin ratio to compute overal break-even sales revenue. Enter the contribution margin ratio as a percentage rounded to 4. Compute the margin of safety for the coming year. two decimal piaces; round the break-even sales revenue to the nearest dollar. The margin of safety for the coming year is s Contribution Margin Ratio Points: 0/1 Break-Even Revenue $4 K Points: 0/2

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