Aa 08. laYour answer is correct.Determine the sales mix percentage based on sales dollars and contribution margin ratio for each division.Tablet divisionMP3 Player divisionTablet divisionMP3 Player division.Sales Mix Percentagex Your answer is incorrect.63 %Contribution Margin Ratio37 %Weighted-average contribution margin ratio26 %43 %Calculate the company's weighted-average contribution margin ratio. (Do not round intermediate calculations; report final answer asa percentage rounded to 2 decimal places, e.g. 15.26%)43.3% Oriole Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP incomestatements for a recent quarter's activity are presented below.SalesVariable costsContribution marginFixed costsNet incomeTablet Division$888,300657,342$230,958MP3 Player Division$521,700297,369$224,331Total$1,410,000954,711455,289129,160$326,129

Contribution Margin :— It is the difference between sales revenue and variable cost. Contribution…

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

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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