Question
Cullumber Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Division
Cullumber 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 | $506,000 | $759,000 | $1,265,000 | |||
| Variable costs | 273,240 | 440,220 | 713,460 | |||
| Contribution margin | $232,760 | $318,780 | $ 551,540 |
Determine the companys sales mix based on sales revenue. (Round answers to 2 decimal places, e.g. 0.15.)
| Sales mix | ||
|---|---|---|
| Bedroom Division | enter a value rounded to 2 decimal places | |
| Dining Room Division | enter a value rounded to 2 decimal places |
eTextbook and Media
Determine the companys weighted-average contribution margin ratio. (Round answer to 4 decimal places, e.g. 0.1578.)
| Weighted-average contribution margin ratio | enter the weighted-average contribution margin ratio rounded to 4 decimal places |
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Advanced Accounting
Authors: Debra C. Jeter, Paul Chaney
2nd Edition
0471218529, 978-0471218524
