Oriole 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. Sales Variable costs Contribution margin Fixed costs Net income Tablet Division $888,300 657,342 $230,958 MP3 Player Division $521,700 297,369 $224,331 Total $1,410,000 954,711 455,289 129,160 $326.129
Oriole 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. Sales Variable costs Contribution margin Fixed costs Net income Tablet Division $888,300 657,342 $230,958 MP3 Player Division $521,700 297,369 $224,331 Total $1,410,000 954,711 455,289 129,160 $326.129
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Aa 08.

Transcribed Image Text:la
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
Tablet division
MP3 Player division.
Sales Mix Percentage
x Your answer is incorrect.
63 %
Contribution Margin Ratio
37 %
Weighted-average contribution margin ratio
26 %
43 %
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%)
43.3
%

Transcribed Image Text:Oriole 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.
Sales
Variable costs
Contribution margin
Fixed costs
Net income
Tablet Division
$888,300
657,342
$230,958
MP3 Player Division
$521,700
297,369
$224,331
Total
$1,410,000
954,711
455,289
129,160
$326,129
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