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Phipps Co. sells two products, Arks and Bins. Last year Phipps sold 12,000 units of Arks and 28,000 units of Bins. Related data are: Product
Phipps Co. sells two products, Arks and Bins. Last year Phipps sold 12,000 units of Arks and 28,000 units of Bins. Related data are: Product Unit Selling Price Unit Variable Cost Unit Contribution Margin Arks $120 $80 $40 Bins 80 60 20 What was Phipps Co.'s sales mix last year? A. 30% Arks, 70% Bins B. 12% Arks, 28% Bins C. 70% Arks, 30% Bins D. 40% Arks, 20% Bins
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