Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blossom Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 30%, standard

image text in transcribedimage text in transcribed
Blossom Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 30%, standard tapered candles 50%, and large scented candles 20%. The contribution margin ratio of each candle type is shown below. Candle Type Contribution Margin Ratio Birthday 20% Standard tapered 30% Large scented 50% V Your answer is correct. What is the weighted-average contribution margin ratio? Weighted-average contribution margin ratio 31 % eTextbook and Media Assistance UsedX Your answer is incorrect. If the company's fixed costs are $501,580 per year, what is the sales dollar amount of each type of candle that must be sold to break even? Birthday Standard tapered Large scented Product line break-even $ 485661.29 $ 809435.49 $ 323774.19 point

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Health Care Management

Authors: Sharon B. Buchbinder, Nancy H. Shanks

3rd Edition

128408101X, 9781284081015

Students also viewed these Accounting questions