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

View Policies Current Attempt in Progress Sheridan 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 $ 851,200 $ 478.800 $ 1,330,000 Variable costs 612.864 282.492 895,356 Contribution margin $ 238,336 $ 196,308 434,644 Fixed costs 132.354 Net income $ 302,290 Determine the sales mix percentage based on sales dollars and contribution margin ratio for each division. Sales Mix Percentage Tablet division % MP3 Player division % Contribution Margin Ratio Tablet division % MP3 Player division % e Textbook and Media Calculate the company's weighted average contribution margin ratio. (Do not round intermediate calculations; report final answer as a percentage rounded to 2 decimal places, e.g. 15.26%.) Weighted-average contribution margin ratio % e Textbook and Media Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations; round final answer to 0 decimal places, e.g. 1,526.) Break-even point $ e Textbook and Media Determine the sales level in dollars for each division at the break-even point. (Do not round intermediate calculations; round final answer to 0 decimal points, e.g. 1,526.) Break-even point Tablet division $ MP3 Player division $ e Textbook and Media
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
