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Assume MIX Inc

Accounting

Assume MIX Inc. has sales volume of $1,018,000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $406,000; Contribution Margin Ratio 30% Product B: Sales $612,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $302,000. Calculate the May 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.)

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