Assume MIX Inc. has sales volume of $1,018,000 for two products with May sales and...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Assume MIX Inc. has sales volume of $1,018,000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $406,000; Contribution Margin Ratio 30% Product B: Sales $612,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $302,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume. (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 Breakeven sales volume
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
