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Coca-Cola Company produces three types of beverages: Coke, Sprite, and Fanta. The selling price and variable cost per unit for each product are as follows:

Coca-Cola Company produces three types of beverages: Coke, Sprite, and Fanta. The selling price and variable cost per unit for each product are as follows:

Product

Selling Price per Unit

Variable Cost per Unit

Coke

$1.50

$0.60

Sprite

$1.20

$0.50

Fanta

$1.00

$0.40

If the sales mix is 40% Coke, 30% Sprite, and 30% Fanta, calculate the weighted average selling price and contribution margin per unit.

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