A company has two products, A and B. The current sales mix is 20% Product A and 80% Product B. Product A has a contribution margin ratio of 50% and Product B has a contribution margin ratio of 30%. Based on this information, which of the following statements are true? Select ALL that apply.

1) The weighted average contribution margin ratio will be between 20% and 80%.

2) The weighted average contribution margin ratio will be between 30% and 50%.

3) The weighted average contribution margin ratio will be closer to 80% than 20%.

4) The wieghted average contribution margin ratio will be closer to 30% than 50%.