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At one time, Del Monte Foods Company reported three separate operating segments: consumer products (which includes a variety of canned foods including tuna, fruit, and vegetables): pet products (which includes pet food and snacks and veterinary products); and soup and infant-feeding products (which includes soup, broth, and infant feeding and pureed products). In its annual report, Del Monte uses absorption costing. As a result, information regarding the relative composition of its fixed and variable costs is not available. We have assumed that $860.3 million of its total operating expenses of $1.920,3 million are fixed and have allocated the remaining variable costs across the three divisions. Sales data, along with assumed expense data, are provided below. Consumer products Pet products Soup and infant-feeding products ✓ Your answer is correct. Contribution margin ratio Sales mix percentage eTextbook and Media (in millions) Sales $1,031.8 Break-even point in dollars $ Sales from each product 837.3 302.0 Compute each segment's contribution margin ratio and the sales mix as a percentage of total sales dollars. (Round answers to 1 decimal place, e.g. 15.2%) $2.171.1 Consumer Products Variable Costs $610 40.9 % 475 % 350 Consumer Products 100 $1,060 7990070 168126 Pet Products 58.2 % 38.6 % Using the information computed in the part above, compute the company's break-even point in sales dollars, and then determine the amount of sales that would be generated by each division at the break-even point. (Round Weighted-Average Contribution Margin Ratio to 3 decimal places, e.g. 0.252 and final answers to 0 decir aces, eg. 1,525,357,879.) Pet Products Soup and Infant-Feeding 6483898 Products 66.9 % 13.9 % Attempts: 1 of 5 used Soup and Infant-Feeding Products 2338633

At one time, Del Monte Foods Company reported three separate operating segments: consumer products (which includes a variety of canned foods including tuna, fruit, and vegetables): pet products (which includes pet food and snacks and veterinary products); and soup and infant-feeding products (which includes soup, broth, and infant feeding and pureed products). In its annual report, Del Monte uses absorption costing. As a result, information regarding the relative composition of its fixed and variable costs is not available. We have assumed that $860.3 million of its total operating expenses of $1.920,3 million are fixed and have allocated the remaining variable costs across the three divisions. Sales data, along with assumed expense data, are provided below. Consumer products Pet products Soup and infant-feeding products ✓ Your answer is correct. Contribution margin ratio Sales mix percentage eTextbook and Media (in millions) Sales $1,031.8 Break-even point in dollars $ Sales from each product 837.3 302.0 Compute each segment's contribution margin ratio and the sales mix as a percentage of total sales dollars. (Round answers to 1 decimal place, e.g. 15.2%) $2.171.1 Consumer Products Variable Costs $610 40.9 % 475 % 350 Consumer Products 100 $1,060 7990070 168126 Pet Products 58.2 % 38.6 % Using the information computed in the part above, compute the company's break-even point in sales dollars, and then determine the amount of sales that would be generated by each division at the break-even point. (Round Weighted-Average Contribution Margin Ratio to 3 decimal places, e.g. 0.252 and final answers to 0 decir aces, eg. 1,525,357,879.) Pet Products Soup and Infant-Feeding 6483898 Products 66.9 % 13.9 % Attempts: 1 of 5 used Soup and Infant-Feeding Products 2338633

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At one time, Del Monte Foods Company reported three separate operating segments: consumer products (which includes a variety of canned foods including tuna, fruit, and vegetables): pet products (which includes pet food and snacks and veterinary products); and soup and infant-feeding products (which includes soup, broth, and infant feeding and pureed products). In its annual report, Del Monte uses absorption costing. As a result, information regarding the relative composition of its fixed and variable costs is not available. We have assumed that $860.3 million of its total operating expenses of $1.920,3 million are fixed and have allocated the remaining variable costs across the three divisions. Sales data, along with assumed expense data, are provided below. Consumer products Pet products Soup and infant-feeding products ✓ Your answer is correct. Contribution margin ratio Sales mix percentage eTextbook and Media (in millions) Break-even point in dollars Sales from each product Sales $1,031.8 837.3 Compute each segment's contribution margin ratio and the sales mix as a percentage of total sales dollars. (Round answers to 1 decimal place, e.g. 15.2%) $ 302.0 $2.171.1 Consumer Products Variable Costs $610 40.9 % 475 % 350 Consumer Products 100 $1,060 7990070 168126 Pet Products 58.2 % Using the information computed in the part above, compute the company's break-even point in sales dollars, and then determine the amount of sales that would be generated by each division at the break-even point. (Round Weighted-Average Contribution Margin Ratio to 3 decimal places, eg. 0.252 and final answers to 0 decir I places, eg. 1,525,357,879) 38.6 % Pet Products Soup and Infant-Feeding Products 6483898 66.9% 13.9 % Attempts: 1 of 5 used Soup and Infant-Feeding Products 2338633
Transcribed Image Text:At one time, Del Monte Foods Company reported three separate operating segments: consumer products (which includes a variety of canned foods including tuna, fruit, and vegetables): pet products (which includes pet food and snacks and veterinary products); and soup and infant-feeding products (which includes soup, broth, and infant feeding and pureed products). In its annual report, Del Monte uses absorption costing. As a result, information regarding the relative composition of its fixed and variable costs is not available. We have assumed that $860.3 million of its total operating expenses of $1.920,3 million are fixed and have allocated the remaining variable costs across the three divisions. Sales data, along with assumed expense data, are provided below. Consumer products Pet products Soup and infant-feeding products ✓ Your answer is correct. Contribution margin ratio Sales mix percentage eTextbook and Media (in millions) Break-even point in dollars Sales from each product Sales $1,031.8 837.3 Compute each segment's contribution margin ratio and the sales mix as a percentage of total sales dollars. (Round answers to 1 decimal place, e.g. 15.2%) $ 302.0 $2.171.1 Consumer Products Variable Costs $610 40.9 % 475 % 350 Consumer Products 100 $1,060 7990070 168126 Pet Products 58.2 % Using the information computed in the part above, compute the company's break-even point in sales dollars, and then determine the amount of sales that would be generated by each division at the break-even point. (Round Weighted-Average Contribution Margin Ratio to 3 decimal places, eg. 0.252 and final answers to 0 decir I places, eg. 1,525,357,879) 38.6 % Pet Products Soup and Infant-Feeding Products 6483898 66.9% 13.9 % Attempts: 1 of 5 used Soup and Infant-Feeding Products 2338633
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