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.
Sales $738,100 $471,900 $1,210,000
Variable costs $531,432 $268,983 $800,415
Contribution margin $206,668 $202,917 $409,585
Fixed costs $138,108
Net income $271,477
Determine sales mix percentage and contribution margin ratio for each division. (Round answers to 0 decimal places, e.g. 15%.)
Sales Mix Percentage
Contribution Margin Ratio
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