Cullumber Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Division $506,000 273,240 Contribution margin $232,760 Sales Variable costs Bedroom Division Determine the company's sales mix based on sales revenue. (Round answers to 2 decimal places, e.g. 0.15.) Dining Room Division Dining Room Division e Textbook and Media Total $759,000 $1,265,000 440,220 713,460 $318,780 $551,540 Sales mix Determine the company's weighted-average contribution margin ratio. (Round answer to 4 decimal places, e.g. 0.1578.) Weighted-average contribution margin ratio
Cullumber Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Division $506,000 273,240 Contribution margin $232,760 Sales Variable costs Bedroom Division Determine the company's sales mix based on sales revenue. (Round answers to 2 decimal places, e.g. 0.15.) Dining Room Division Dining Room Division e Textbook and Media Total $759,000 $1,265,000 440,220 713,460 $318,780 $551,540 Sales mix Determine the company's weighted-average contribution margin ratio. (Round answer to 4 decimal places, e.g. 0.1578.) Weighted-average contribution margin ratio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format thanku
Transcribed Image Text:Cullumber Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most
recent quarter are:
Bedroom
Division
$506,000
273,240
Contribution margin $232,760
Sales
Variable costs
Bedroom Division
Dining Room Division
Dining Room
Division
eTextbook and Media
$759,000
440,220
$318,780
Determine the company's sales mix based on sales revenue. (Round answers to 2 decimal places, e.g. 0.15.)
Sales mix
Total
$1,265,000
713,460
$551,540
Weighted-average contribution margin ratio
Determine the company's weighted-average contribution margin ratio. (Round answer to 4 decimal places, e.g. 0.1578.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education