iPad 10:23 PM 89% JS Kimmel, Accounting, Ge FINANCIAL ACCOUNTING (ACC203-204) ra
ID: 2538296 • Letter: I
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iPad 10:23 PM 89% JS Kimmel, Accounting, Ge FINANCIAL ACCOUNTING (ACC203-204) ractice Gradebook ORION Downloadable eTextbook ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 19-10 (Part Level Submission) 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. Total iPad Division $864,500 613,795 $250,705 iPod Division $465,500 1,330,000 888,440 441,560 134,460 $307,100 274,645 Variable costs Contribution margirn Fixed costs Net income $190,855 (a) Your answer is partially correct. Try again. Determine sales mix percentage and contribution margin ratio for each division. (Round answers to 0 decimal places, e.g. 15%.) Sales Mix Percentage iPad division 65 iPod division Contribution Margin Ratio iPad division 82 iPod division VIDEO: SEMILAR EXERCISE Attempts: 2 of 3 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part wil be available when you complete the part above The parts of this question must be completed in order. This part wil be available when you complete the part aboveExplanation / Answer
CALCULATION OF CONTRIBUTION MARGIN PARTICULARS IPAD Division IPOD division Total Sales $ 8,64,500 $ 4,65,500 $ 13,30,000 Sales Mix Percentage 65.0% 35.0% 100.0% Less : Variable Cost $ 6,13,795 $ 2,74,645 $ 8,88,440 Contribution Margin $ 2,50,705 $ 1,90,855 $ 4,41,560 Contribution Margin Ratio (individual) 29.00% 41.00% (250,705/864,500)*100 (190,855/465,500)*100 Contribution Margin Ratio(Mix) 56.78% 43.22% (250,705/441,560)*100 (190,855/441,560)*100
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