The sales mix as a percent of total dollar sales of its, Ask an Expert

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Presto Candle Supply makes candles. The sales mix (as a percent of total dollar sales) of its three product lines is: birthday candles 30%, standard tapered candles 50%, and large scented candles 20%. The contribution margin ratio of each candle type is as follows.
Candle Type Contribution Margin Ratio

Birthday 10%
Standard tapered 20%
Large scented 45%

What is the weighted-average contribution margin ratio? (Round answer to 3 decimal places, e.g. 2.250.)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9410369

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