Assume MIX Incorporated has sales volume of $1,252,000 for two products with May sales and...
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Accounting
Assume MIX Incorporated has sales volume of $1,252,000 for two products with May sales and contribution margin ratios as follows:
Product A: Sales $484,000; Contribution Margin Ratio 30%
Product B: Sales $768,000; Contribution Margin Ratio 60%
Required:
Assume MIXs fixed expenses are $328,000. 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.
\begin{tabular}{|c|c|} \hline Total contribution margin & \\ \hline Operating income & \\ \hline Average contribution margin ratio & % \\ \hline Breakeven sales volume & \\ \hline \end{tabular}
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