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Sheridan Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer. Sheridan's annual fixed costs are estimated
Sheridan Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer. Sheridan's annual fixed costs are estimated at $307800. The average selling price in the Wine division is $45 with a variable cost of $18. The average selling price in the Beer division is $18 with a variable cost of $9. What is Sheridan's weighted-average contribution margin ratio? O 57% O 60% O 53% O 30%
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