Wonka Company has two divisions: Chocolate and Gummies. The sales mix is 55% for Chocolate and 45% for Gummies. Wonka incurs $6,670,000 in fixed costs. The contribution margin ratio for Chocolate is 30%, while for Gummies it is 50%.

Willy Wonka wants to determine the weighted-average contribution margin ratio for these products. Which of the following is correct?

Group of answer choices

39%

40%

50%

41%