Assume MIX Incorporated has sales volume of $1,342,000 for two products with May sales and contribution margin ratios as follow Product A: Sales $514,000; Contribution Margin Ratio 30% Product B: Sales $828,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $338,000. 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
Assume MIX Incorporated has sales volume of $1,342,000 for two products with May sales and contribution margin ratios as follow Product A: Sales $514,000; Contribution Margin Ratio 30% Product B: Sales $828,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $338,000. 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Q.26.
Transcribed Image Text:Assume MIX Incorporated has sales volume of $1,342,000 for two products with May sales and contribution margin ratios as follows:
Product A: Sales $514,000; Contribution Margin Ratio 30%
Product B: Sales $828,000; Contribution Margin Ratio 60%
Required:
Assume MIX's fixed expenses are $338,000. 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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