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Question - Mega Electronix sells television sets and DVD players. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below.
TV Division DVD Division Total
Sales 600,000 400,000 1,000,000
Variable costs 450,000 240,000 690,000
Contribution margin 150,000 160,000 310,000
Fixed costs 124,000
Net income 186,000
Determine sales mix percentage and contribution margin ratio for each division.
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