Carla Vista 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 $864,500 $465,500 $1,330,000 Variable costs 613,795 274,645 888,440 Contribution margin $250,705 $190,855 441,560 Fixed costs 134,460 Net income $307,100 (a) Your answer is correct. Determine the sales mix percentage based on sales dollars and contribution margin ratio for each division. Tablet division MP3 Player division Sales Mix Percentage 65,00 % 35.00% (b) Tablet division MP3 Player division Contribution Margin Ratio 29.00 % 41.00 % eTextbook and Media Your answer is correct. Attempts: 1 of 3 used 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, eg 15.26%) (c) Weighted average contribution margin ratio eTextbook and Media 33.20 % Attempts: 1 of 3 used Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations; round final answer to O decimal places, eg 1.526) Break-even point
Carla Vista 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 $864,500 $465,500 $1,330,000 Variable costs 613,795 274,645 888,440 Contribution margin $250,705 $190,855 441,560 Fixed costs 134,460 Net income $307,100 (a) Your answer is correct. Determine the sales mix percentage based on sales dollars and contribution margin ratio for each division. Tablet division MP3 Player division Sales Mix Percentage 65,00 % 35.00% (b) Tablet division MP3 Player division Contribution Margin Ratio 29.00 % 41.00 % eTextbook and Media Your answer is correct. Attempts: 1 of 3 used 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, eg 15.26%) (c) Weighted average contribution margin ratio eTextbook and Media 33.20 % Attempts: 1 of 3 used Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations; round final answer to O decimal places, eg 1.526) Break-even point
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Carla Vista 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
$864,500
$465,500
$1,330,000
Variable costs
613,795
274,645
888,440
Contribution margin
$250,705
$190,855
441,560
Fixed costs
134,460
Net income
$307,100
(a)
Your answer is correct.
Determine the sales mix percentage based on sales dollars and contribution margin ratio for each division.
Tablet division
MP3 Player division
Sales Mix Percentage
65,00 %
35.00%
(b)
Tablet division
MP3 Player division
Contribution Margin Ratio
29.00 %
41.00 %
eTextbook and Media
Your answer is correct.
Attempts: 1 of 3 used
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, eg 15.26%)
(c)
Weighted average contribution margin ratio
eTextbook and Media
33.20 %
Attempts: 1 of 3 used
Calculate the company's break-even point in sales dollars. (Do not round intermediate calculations; round final answer to O decimal
places, eg 1.526)
Break-even point
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