Determine sales mix percentage and contribution margin

Assignment Help Accounting Basics
Reference no: EM131824683

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.

Reference no: EM131824683

Questions Cloud

What is the purpose of the balance sheet : The balance sheet is also called the statement of financial position. Why is this? What is the purpose of the balance sheet
Will the long-run price of pajamas rise more or less : In the competitive children's pajama industry, a new government safety regulation raises the average cost of children's pajamas by $2 per pair
Coverage rate be for landon to suspect : How high or low must the simulated coverage rate be for Landon to suspect that the true coverage rate is not 95%? Assume our usual threshold of significance
What is the difference between assent and consent : How does this impact on a clinician's decision to breach confidentiality of a patient they believe to be imminently violent?
Determine sales mix percentage and contribution margin : Mega Electronix sells television sets and DVD players. Determine sales mix percentage and contribution margin ratio for each division
Mean weight gain of the mice in study : A 95% confidence interval for the mean weight gain of adult mice on a certain diet is (11.2, 54.7) grams.
What do you believe ought to be the future of drug policy : Consider everything you have learned about drugs and drug policy in the United States, including the different approaches to mitigate the existing drug problem.
Find added distance of incense grown in the horn of africa : How does the added distance of incense grown in the Horn of Africa illustrate incense as an increasing cost industry?
Compute how much will the account be worth at that time : For the last 19 years, Mary has been depositing $500 in her savings account. Compute how much will this account be worth at that time?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Purpose of unrelated business income tax

What is the purpose of the unrelated business income tax?

  Discuss a single product at a selling price

Carlton Corporation sells a single product at a selling price of $63 per unit. Variable expenses are $41 per unit and fixed expenses

  Bgan inc reports bad debt expense using the allowance

brogan inc. reports bad debt expense using the allowance method. for tax purposes the direct write-off method is

  Richard is considering making a 5000 investment during 2012

richard is considering making a 5000 investment during 2012 in a venture that its promoter promises will generate

  Prepare a pension worksheet for the pension plan

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2014, the company amends its pension agreement so that service costs of $250,000 are created. Other data related to the pension plan are as follows.

  Sold 10000 worth of merchandise on credit to best supply co

1. you keep the accounting records for a small merchandising corporation which operates on a fiscal year that ends on

  Reported net income was 27000 in 2012 and 35000 in 2013 the

at the beginning of 2014 tanham company discovered the following errors made in the preceding 2

  Opening the mail and recording payments

Which of the following should be performed by the persons opening the mail and recording payments?

  Complete the summary classified balance sheet for aruba

As of December 31, 2008, Aruba Corporation has a current ratio of 2.8:1, Complete the summary classified balance sheet for Aruba Corporation at year-end 2008

  What is the total manufacturing cost assigned to job

What is the total manufacturing cost assigned to Job A-200. If Job A-200 consists of 50 units, what is the average cost assigned to each unit included in the job.

  Prepare the interest payment schedule of the note

Barkley pays interest at the end of each year. Prepare the interest payment schedule of the note for Barkley Company after the debt restructuring

  What will be the effect on the net operating income

Required: If the Linens Department is dropped, what will be the effect on the net operating income of the company as a whole

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd