Question
Brief Exercise 19-10 Faune Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter
Brief Exercise 19-10 Faune Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Division Dining Room Division Total Sales $510,000 $762,000 $1,272,000 Variable costs 248,000 442,000 690,000 Contribution margin $262,000 $320,000 $ 582,000 (a) Determine the companys sales mix. (Round answers to 2 decimal places, e.g. 0.15.) Sales mix Bedroom Division Dining Room Division (b) Determine the companys weighted-average contribution margin ratio. (Round intermediate calculation and final answer to 2 decimal places, e.g. 0.15.) Weighted-average contribution margin ratio Click if you would like to Show Work for this question:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started