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Margin, Inc. has two products-picture frames and candle holders. Financial data for both the products follows: Margin has two sales representatives-Jack Lynch and Peter Cho.
Margin, Inc. has two products-picture frames and candle holders. Financial data for both the products follows: Margin has two sales representatives-Jack Lynch and Peter Cho. Each sales representative sold a total of 1,400 units during the month of March. Jack had a sales mix of 70% picture frames and 30% candle holders. Peter had a sales mix of 60% picture frames and 40% candle holders. What is the contribution margin ratio for picture frames and candle holders respectively? A. 6%: 5% B. 54%: 25% C. 46%: 75% D. 48%; 20%
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