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Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for a recent quarter's activity are presented below.
iPad Division
iPod Division
Total
Sales
$600,000
$400,000
$1,000,000
Variable costs
420,000
260,000
680,000
Contribution margin
$180,000
$140,000
320,000
Fixed costs
120,000
Net income
$ 200,000
Instructions
(a) Determine sales mix percentage and contribution margin ratio for each division.
(b) Calculate the company's weighted-average contribution margin ratio.
(c) Calculate the company's break-even point in dollars.
(d) Determine the sales level in dollars for each division at the break-even point.
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