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Concord Furniture Co.consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Sales Variable costs
Concord Furniture Co.consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Sales Variable costs Contribution margin Bedroom Division $510,800 270.724 $240,076 Dining Room Division $766,200 444.396 $321,804 Total $1,277,000 715,120 $ 561.880 Determine the company's sales mix. (Round answers to 2 decimal places, eg. 0.15) Sales mix Bedroom Division Dining Room Division Determine the company's weighted average contribution margin ratio. (Round answer to 3 decimal places, ex. 0.157.) Weighted average contribution margin ratio
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