Sheffield Chance Co sells computers and video game systems. The business is divided into two...
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Sheffield Chance Co sells computers and video game systems. The business is divided into two divisions along product lines. Variable costing income statements for the current year are presented below: VG Systems Total $1,100,000 Sales $440,000 Computers $660.000 462,000 $198.000 Variable costs 352,000 814.000 $88,000 286.000 Contribution margin Fixed costs Net income 225,420 $60.580 (a) Your answer is correct. Determine the sales mix and contribution margin ratio for each division Computers VG Systems Sales mix 60 %6 40 % Contribution margin ratio 30 %6 20 % eTextbook and Media Attempts: 1 of 5 used (b) X Your answer is incorrect. Calculate the company's weighted average contribution margin ratio. Weighted average contribution margin ratio 30 %
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