E19-10 Lake Electronix sells television sets and DVD players. The business is divided binto two divisions along product lines. CVP income statements for a recent quarter’s activity are presented below.
| TV Division Don't use plagiarized sources. Get Your Custom Essay on e19 10 lake electronix sells television sets and dvd players 541923 For $10/Page 0nly | DVD Division | Total | |
| Sales | $600,000 | $400,000 | $1,000,000 |
| Variable costs | 450,000 | 240,000 | 690,000 |
| Contribution margin | $150,000 | $160,000 | 310,000 |
| Fixed costs | 124,000 | ||
| Net income | $186,000 |
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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