Assume MIX Inc. has sales volume of $1,126,000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $442,000; Contribution Margin Ratio 30% Product B: Sales $684,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $314,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume.
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