Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question6of 13 N =N Cullumber Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is
Question6of 13 N =N Cullumber Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 30%, standard tapered candles 55%, and large scented candles 15%. The contribution margin ratio of each candle type is shown below. Candle Type Contribution Margin Ratio Birthday 20% Standard tapered 30% Large scented 50% What is the weighted-average contribution margin ratio? Weighted-average contribution margin ratio % eTextbook and Media If the company's fixed costs are $426,000 per year, what is the sales dollar amount of each type of candle that must be sold to break even? Birthday Standard tapered Large scented Product line break-even $ point $ eTextbook and Media Question 7 of 13 11 = Cullumber Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Dining Room Division Division Total Sales $506,000 $759.000 $1,265,000 Variable costs 273,240 440,220 713.460 Contribution margin $232,760 $318,780 $551,540 Determine the company's sales mix based on sales revenue. (Round answers to 2 decimal places, e.g. 0.15.) Sales mix Bedroom Division Dining Room Division eTextbook and Media Determine the company's weighted-average contribution margin ratio. (Round answer to 4 decimal places, e.g. 0.1578.) Weighted-average contribution margin ratio UPPORT
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started