FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

EdCraneCorporation has two divisions; Outdoor Sports and Indoor Sports. The sales mix is60% for Outdoor Sports and40% for Indoor Sports.Craneincurs $2410000in fixed costs. The contribution

EdCraneCorporation has two divisions; Outdoor Sports and Indoor Sports. The sales mix is60% for Outdoor Sports and40% for Indoor Sports.Craneincurs $2410000in fixed costs. The contribution margin ratio for the Outdoor Sports Division is40%, while for the Indoor Sports Division it is50%.

The weighted-average contribution margin ratio is

44.00%.

45.00%.

46.00%.

50.00%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Principles Of Financial Accounting

Principles Of Financial Accounting

Authors: Belverd E Needles, Marian Powers

11th Edition

0538755164, 9780538755160

More Books

Students also viewed these Accounting questions

Question

★★★★★
Belmont Company currently produces and sells 7,000 units annually of a product that has a variable cost of $19 per unit and annual fixed costs of $175,000. The company currently earns an $84,000...

Answered: 1 week ago

Question

★★★★★
9. Make sure goals are internalized and accepted by the athlete.

Answered: 1 week ago

Question

★★★★★
c. What type of degree does it offer?

Answered: 1 week ago

Question

★★★★★
Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2013. Several of Mergaronites accounts have been omitted. Credit balances are indicated by parentheses....

Answered: 1 week ago

Question

★★★★★
Computer and network security risk

Answered: 1 week ago

Question

★★★★★
Morelli Electric Motor Corporation manufactures electric motors for commercial use. The company produces three models, designated as standard, deluxe, and heavy-duty. The company uses a job-order...

Answered: 1 week ago

Question

★★★★★
On June 30, 2014, Buttfuski Corporation prepaid a $19,000 premium on an annual insurance policy. The premium payment was a tax deductible expense in Buttfuskis tax return in 2014. The accrual basis...

Answered: 1 week ago

Question

★★★★★
1 Taylor has been hired by ABC Towing to maintain the grounds at their storage yard. Taylor is paid a set amount regardless of the hours worked, controls when and how the work is done, and offers...

Answered: 1 week ago

Question

★★★★★
How to manage the transportation of goods from the supplier? (2 slides) How can you deal with any delay in the shipping of goods? How can you insure visibility? (3 slides) What is your plan to deal...

Answered: 1 week ago

Question

★★★★★
Level 1: Modify the program to make the LED flash slow three times (1000 ms delay), then quickly three times. (100 ms delay)

Answered: 1 week ago

Question

★★★★★
2) Turbojet Engine A standard turbojet engine dries an airplane traveling with a velocity of 290 m/s at a height where the pressure is 28 kPa and the temperature is -40 C. The compressor pressure...

Answered: 1 week ago

Question

★★★★★
The FBI was conducting electronic surveillance of a mafia cell in New York City. At one end of the telephone conversation, a voice indicated that "I will remove the problem and bury it in the Hudson...

Answered: 1 week ago

Question

★★★★★
3. What is happening here and now (1 is oriented towards the proactive, 2 towards the reactive and 3 is a balance between the two). c. Source of inspiration: When I communicate it is important for me...

Answered: 1 week ago

Question

★★★★★
1. What will happen in the future

Answered: 1 week ago

Question

★★★★★
3. Avoid making mistakes when reaching our goals

Answered: 1 week ago

Previous Question Next Question