Assume MIX Inc. has sales volume of $1,180,000 for two products with June sales and contribution margin ratios as follows:
Product A: Sales $560,000; Contribution Margin Ratio 30%
Product B: Sales $620,000; Contribution Margin Ratio 60%
Required:
Assume MIX’s fixed expenses are $320,000. 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.)