Current Attempt in ProgressWaterway Industries has two divisions; Sporting Goods and Sports Gear. The sales mix is 85% for Sporting Goods and 15% for SportsGear, as determined by total sales dollars. Waterway incurs $6630000 in fixed costs. The contribution margin ratio for Sporting Goodsis 20%, while for Sports Gear it is 40%. The weighted-average contribution margin ratio is○ 90.00%.37.00%.O 23.00%.O 40.00%.

Contribution margin is the amount of money earned by the entity after deducting the variable costs…

Answered: Current Attempt in Progress Waterway…

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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22. Subject :- Accounting

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