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Question 5 Sheridan Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are:
Question 5 Sheridan 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 Variable costs Contribution margin $504,800 262,496 $242,304 $757,200 446,748 $310,452 $1,262,000 709,244 $ 552,756 Determine the company's sales mix. (Round answers to 2 decimal places, e.g. 0.15.) Sales mix Bedroom Division Dining Room Division Determine the company's weighted average contribution margin ratio. (Round answer to 3 decimal places, e.g. 0.157.) Weighted-average contribution margin ratio
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