Ivanhoe Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 30%, standard tapered candles 45%, and large scented candles 25%. The contribution margin ratio of each candle type is as follows: Candle Type Birthday Standard tapered Large scented Birthday: Standard tapered: Contribution Margin Ratio Large scented: If the company's fixed costs are $432,135 per year, what is the dollar amount of each type of candle that must be sold to break even? (Round weighted-average contribution margin ratio to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 1,545.) $ $ 10% $ 25% 40% Break-even in sales
Ivanhoe Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 30%, standard tapered candles 45%, and large scented candles 25%. The contribution margin ratio of each candle type is as follows: Candle Type Birthday Standard tapered Large scented Birthday: Standard tapered: Contribution Margin Ratio Large scented: If the company's fixed costs are $432,135 per year, what is the dollar amount of each type of candle that must be sold to break even? (Round weighted-average contribution margin ratio to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 1,545.) $ $ 10% $ 25% 40% Break-even in sales
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Ivanhoe Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles
30%, standard tapered candles 45%, and large scented candles 25%. The contribution margin ratio of each candle type is as follows:
Candle Type
Birthday
Standard tapered
Large scented
Birthday:
Contribution Margin Ratio
Large scented:
If the company's fixed costs are $432,135 per year, what is the dollar amount of each type of candle that must be sold to break even?
(Round weighted-average contribution margin ratio to 2 decimal places, e.g. 15.25% and final answer to O decimal places, e.g. 1,545.)
$
Standard tapered: $
10%
$
25%
40%
Break-even in sales
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