The Orinoco Manufacturing Company produces the following three products:

Saws Knives Measuring Tapes

Selling price per unit $40 $16 $50

Variable costs per unit 28 12 30

Contribution per unit $12 $ 4 $20

50% of all sales in units are Saws, 30% are Knives, and 20% are Measuring Tapes

Fixed costs are $76,000 per year.

Use the PERCENTAGE method and calculate: weighted contribution margin. Use dollar sign and go to two decimal places.