Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

x Brief Exercise 19-10 Faune Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent

x

Brief Exercise 19-10

Faune Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are:

Bedroom Division

Dining Room Division

Total

Sales $501,000 $764,000 $1,265,000
Variable costs 245,000 443,000 688,000
Contribution margin $256,000 $321,000 $ 577,000

(a) Determine the companys sales mix. (Round answers to 2 decimal places, e.g. 0.15.)

Sales mix

Bedroom Division

Dining Room Division

(b) Determine the companys weighted-average contribution margin ratio. (Round intermediate calculation and final answer to 2 decimal places, e.g. 0.15.)

Weighted-average contribution margin ratio

Click if you would like to Show Work for this question:

Open Show Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Audit Automation The Principles Of Statistical Sampling Of Business Accounts

Authors: Nathan Poeschl

1st Edition

B0B17YP1SR, 979-8829041991

More Books

Students also viewed these Accounting questions

Question

4 How can you create a better online image for yourself?

Answered: 1 week ago