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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?

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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.

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