Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please explain the concept of weighted average contribution margin and weighted average contribution margin ratio? Can you please walk me through this problem?

Can you please explain the concept of weighted average contribution margin and weighted average contribution margin ratio?

Can you please walk me through this problem?

image text in transcribed
Question 13 3 pts Speicher sells sports shoes and formal shoes. Sports shoes sell for $110 each and cost $50 in variable expenses to make. Formal shoes sell for $220 and cost $90 in variable expenses to make. Speicher's xed expenses are $50,000. If 39% of his revenues are from sports shoes, what is Speicher's weighted average contribution margin ratio? Provide your answer in decimal form (Le. 65.2% = 0.652} and to three decimal places. Do not round intermediary calculations.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Contemporary Engineering Economics

Authors: Chan S. Park

5th edition

136118488, 978-8120342095, 8120342097, 978-0136118480

Students also viewed these Accounting questions