Question
A manufacturing company produces and sells two products, Product V and Product W. Product V has a contribution margin ratio of 40%, while Product W
A manufacturing company produces and sells two products, Product V and Product W. Product V has a contribution margin ratio of 40%, while Product W has a contribution margin ratio of 55%. If the company's total sales revenue is $180,000 and the total sales mix is 2:3 (Product V to Product W), what is the total contribution margin?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
