Bonita Industries has two divisions Standard and Premium. Each division has hundreds ofdifferent types of tennis racquets and tennis products. The following information is available:Standard Division Premium DivisionTotal$1000000$600000$400000Sales420000$340000Variable costs$180000$60000Contribution margin$300000Total fixed costsWhat is the weighted-average contribution margin ratio?O50%5%46%O 24%

Formula for calculating contribution margin ratio.

Answered: Bonita Industries has two divisions…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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