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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

  1. 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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