Assume MIX Inc. has sales volume of $1,288,000 for two products with June sales and contribution margin ratios as follows:
Product A: Sales $596,000; Contribution Margin Ratio 30%
Product B: Sales $692,000; Contribution Margin Ratio 60%
Required:
Assume MIX’s fixed expenses are $332,000. Calculate the June total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume. (Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar.)
Total contribution margin =
Operating income =
Average contribution margin ratio = %
Breakeven sales volume