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Apple Inc. sells four types of products: iPhones, MacBooks, iPads, and Apple Watches. The selling price and variable cost per unit for each product are
- Apple Inc. sells four types of products: iPhones, MacBooks, iPads, and Apple Watches. The selling price and variable cost per unit for each product are as follows:
Product | Selling Price per Unit ($) | Variable Cost per Unit ($) |
iPhone | $800 | $500 |
MacBook | $1200 | $800 |
iPad | $500 | $300 |
Apple Watch | $300 | $200 |
If the sales mix is 30% iPhones, 20% MacBooks, 40% iPads, and 10% Apple Watches, calculate the weighted average selling price and contribution margin per unit.
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