NEED TO KNOW: Contribution Margin Ratio IPad division (%) IPod Division (%) Calculate the companys...
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Accounting
NEED TO KNOW:
Contribution Margin Ratio
IPad division (%)
IPod Division (%)
Calculate the companys weighted-average contribution margin ratio.
Weighted- average contribution margin ratio (%)
Calculate the companys break-even point in dollars
Break-even point ($)
Determine the sales level in dollars for each division at the break-even point
iPad division ($)
iPod divison ($)
Exercise 20-10 (Part Level Submission) Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below. iPad Division 919,800 671,454 5 248,346 iPod DivisionTotal Sales Variable costs Contribution margin Fixed costs Net income 5 540,200 1,460,000 973,966 486,034 134,492 S 351,542 302,512 237,688 Your answer is correct. Determine sales mix percentage and contribution margin ratio for each division. (Round answers to O decimal places, eg, 15%.) iPad division 63 iPod division 37 iPad division 27 iPod division
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