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Please answer each part to complete the entire problem. The bottom part is also part of the same problem. Bonita Furniture Co. consists of two
Please answer each part to complete the entire problem. The bottom part is also part of the same problem.
Bonita Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Division Dining Room Division Total Sales $511,600 $767,400 $1,279,000 Variable costs 276,264 445,092 721,356 Contribution margin $235,336 $322.308 $557,644 (a) Determine the company's sales mix. (Round answers to 2 decimal places, e.g. 0.15.) Bedroom Division Sales mix Dining Room Division Determine the company's weighted average contribution margin ratio (Round answer to 4 decimal places, eg 0.1578) Weighted average contribution margin ratio
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Step: 1
1 Determining the Sales Mix The sales mix represents the proportion of sales for each division relat...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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