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Family Furniture Co. has two divisions: bedroom division and dining room division. The results of operations for the most recent quarter are as follows: Bedroom
Family Furniture Co. has two divisions: bedroom division and dining room division. The results of operations for the most recent quarter are as follows:
Bedroom DivisionDining Room Division
Sales$747,600$320,400Variable costs448,560256,320Contribution margin$299,040$64,080
Determine the company's weighted-average contribution margin ratio.
Weighted-average contribution margin ratio
%
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