Personal 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 Tablet Division MP3 Player Division $780,800 $499,200 279,552 $219,648 MP3 Player division Tablet division 569,984 Determine sales mix percentage and contribution margin ratio for each division. MP3 Player division $210,816 Sales Mix Percentage % % Total Contribution Margin Ratio $1,280,000 849,536 430464 137,883 $292.581
Personal 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 Tablet Division MP3 Player Division $780,800 $499,200 279,552 $219,648 MP3 Player division Tablet division 569,984 Determine sales mix percentage and contribution margin ratio for each division. MP3 Player division $210,816 Sales Mix Percentage % % Total Contribution Margin Ratio $1,280,000 849,536 430464 137,883 $292.581
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Personal 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
Tablet Division MP3 Player Division
$780,800
$499,200
569,984
$210816
MP3 Player division
Tablet division
279.552
$219,648
MP3 Player division
Determine sales mix percentage and contribution margin ratio for each division.
Sales Mix Percentage
%
%
Contribution Margin Ratio
Total
%
$1,280,000
849,536
430464
137,883
$292.581
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