Please do not give solution in image format thanku Assume MIX Incorporated has sales volume of$1,252,000 for two products with May sales andcontribution margin ratios as follows:Product A: Sales $484,000; Contribution Margin Ratio30%Product B: Sales $768,000; Contribution Margin Ratio60%Required:Assume MIX's fixed expenses are $328,000. Calculate theMay total contribution margin, operating income,average contribution margin ratio, and breakeven salesvolume.Note: Round "Average contribution margin ratio" answerto 2 decimal places. Round up "Breakeven sales volume"answer to nearest whole dollar.Total contribution marginOperating incomeAverage contribution margin ratioBreakeven sales volume%

Break even point :— It is the point of production where total cost is equal to total revenue. At…

Answered: Assume MIX Incorporated has sales…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 16E

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Assume MIX Incorporated has sales volume of $1,162,000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $454,000; Contribution Margin Ratio 30% Product B: Sales $708,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $318,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume. Note: Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar. Total contribution margin Operating income Average contribution margin ratio Breakeven sales volume %
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