Multiple Choice Question 138 Wildhorse Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer. Wildhorse's annual fixed costs are estimated at $276900. The average selling price in the Wine division is $46 with a variable cost of $18.40. The average selling price in the Beer division is $18.40 with a variable cost of $9.20. What is the contribution margin ratio for the Wine division? 30.50% 50% 40% 61% Click if you would like to show Work for this question Open Show Work