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Sheridan Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 25 %,
Sheridan Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 25%, standard tapered candles 40%, and large scented candles 35%. The contribution margin ratio of each candle type is as follows:
If the companys fixed costs are $599,650 per year, what is the dollar amount of each type of candle that must be sold to break even? (Round weighted-average contribution margin ratio to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 1,545.)
Candle Type | Contribution Margin Ratio | |||
---|---|---|---|---|
Birthday | 15% | |||
Standard tapered | 35% | |||
Large scented | 45% |
If the companys fixed costs are $599,650 per year, what is the dollar amount of each type of candle that must be sold to break even? (Round weighted-average contribution margin ratio to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 1,545.)
Break-even in sales | |||
---|---|---|---|
Birthday: | $enter a dollar amount | ||
Standard tapered: | $enter a dollar amount | ||
Large scented: | $enter a dollar amount |
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