Assume MIX Incorporated has sales volume of $1,342,000 for two products with May sales and contribution margin ratios as follow Product A: Sales $514,000; Contribution Margin Ratio 30% Product B: Sales $828,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $338,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume, Note: Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar. Total contribution margin Operating income Average contribution margin ratio
Assume MIX Incorporated has sales volume of $1,342,000 for two products with May sales and contribution margin ratios as follow Product A: Sales $514,000; Contribution Margin Ratio 30% Product B: Sales $828,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $338,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume, Note: Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar. Total contribution margin Operating income Average contribution margin ratio
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter7: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 47E: Klamath Company produces a single product. The projected income statement for the coming year is as...
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