Current Attempt in ProgressMarigold Corp. has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% forSporting Goods and 35% for Sports Gear. Marigold incurs $5735000 in fixed costs. Thecontribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. The breakeven point in dollars isO $15500000.O $13337209.O $14337500.O $2121950.

Compute total contribution margin using sales mix for the two divisions as shown below:

Answered: Current Attempt in Progress Marigold…

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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