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Sheridan 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 (a) Your answer is correct. Tablet division MP3 Player division Tablet division MP3 Player division (b) Determine the sales mix percentage ased on sales dollars and contribution margin ratio for each division. Sales Mix Percentage eTextbook and Media Tablet Division $841,800 597,678 $244,122 Your answer is incorrect MP3 Player Division eTextbook and Media Weighted average contribution margin ratio 61% Contribution Margin Ratio 39 % 29 % $538.200 306.774 $231,426 43 % Total $1,380,000 904,452 475,548 137,840 $337,708 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%.) Attempts: 1 of 3 used

Sheridan 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 (a) Your answer is correct. Tablet division MP3 Player division Tablet division MP3 Player division (b) Determine the sales mix percentage ased on sales dollars and contribution margin ratio for each division. Sales Mix Percentage eTextbook and Media Tablet Division $841,800 597,678 $244,122 Your answer is incorrect MP3 Player Division eTextbook and Media Weighted average contribution margin ratio 61% Contribution Margin Ratio 39 % 29 % $538.200 306.774 $231,426 43 % Total $1,380,000 904,452 475,548 137,840 $337,708 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%.) Attempts: 1 of 3 used

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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Sheridan 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 (a) Your answer is correct. Tablet division MP3 Player division Tablet division Determine the sales mix percentage ased on sales dollars and contribution margin ratio for each division. Sales Mix Percentage MP3 Player division (b) eTextbook and Media Tablet Division $841,800 597,678 $244,122 Your answer is incorrect MP3 Player Division eTextbook and Media 61 % 39 % Contribution Margin Ratio 29 % $538.200 306.774 $231,426 43 % Total $1,380,000 904,452 475,548 137,840 $337,708 Attempts: 1 of 3 used Calculate the company's weighted-average contribution margin ratio. (Do not round intermediate colculations; report final answer as a percentage rounded to 2 decimal places, e.g. 15.26%.) Weighted average contribution margin ratio
Transcribed Image Text:Sheridan 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 (a) Your answer is correct. Tablet division MP3 Player division Tablet division Determine the sales mix percentage ased on sales dollars and contribution margin ratio for each division. Sales Mix Percentage MP3 Player division (b) eTextbook and Media Tablet Division $841,800 597,678 $244,122 Your answer is incorrect MP3 Player Division eTextbook and Media 61 % 39 % Contribution Margin Ratio 29 % $538.200 306.774 $231,426 43 % Total $1,380,000 904,452 475,548 137,840 $337,708 Attempts: 1 of 3 used Calculate the company's weighted-average contribution margin ratio. (Do not round intermediate colculations; report final answer as a percentage rounded to 2 decimal places, e.g. 15.26%.) Weighted average contribution margin ratio
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