Please provide answer in text (Without image) **Oriole Candle Supply Contribution Margin Analysis**Oriole Candle Supply produces three types of candles. The sales mix (as a percentage of total dollar sales) for these products is comprised of:- Birthday candles: 30%- Standard tapered candles: 60%- Large scented candles: 10%The contribution margin ratio for each type of candle is outlined below:- **Candle Type and Contribution Margin Ratio:** - Birthday: 20% - Standard tapered: 30% - Large scented: 40%**Question (a):***What is the weighted-average contribution margin ratio?*The formula to calculate the weighted-average contribution margin ratio is:\[ \text{Weighted-average contribution margin ratio} = \left(\frac{\text{Product 1 sales percentage} \times \text{Product 1 contribution margin} + \text{Product 2 sales percentage} \times \text{Product 2 contribution margin} + \text{Product 3 sales percentage} \times \text{Product 3 contribution margin}}{100}\right) \]Calculate the weighted-average contribution margin ratio and enter the result in the provided box.___This is an example of analyzing financial metrics to understand product profitability and sales performance in a business setting.

The contribution Margin is calculated as difference between sales and variable cost. The…

Oriole 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 60%, and large scented candles 10%. The contribution margin ratio of each candle type is shown below. Candle Type Birthday Standard tapered Large scented (a) Contribution Margin Ratio 20% 30% 40% What is the weighted average contribution margin ratio? Weighted average contribution margin ratio

Oriole 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 60%, and large scented candles 10%. The contribution margin ratio of each candle type is shown below. Candle Type Birthday Standard tapered Large scented (a) Contribution Margin Ratio 20% 30% 40% What is the weighted average contribution margin ratio? Weighted average contribution margin ratio

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 17E: Product cost method of product costing Smart Stream Inc. uses the product cost method of applying...

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Sheridan 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 50%, and large scented candles 20%. The contribution margin ratio of each candle type is shown below. Candle Type Contribution Margin Ratio Birthday 20% Standard tapered 30% Large scented 45% (a) What is the weighted-average contribution margin ratio? Weighted-average contribution margin ratio %
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Product cost method of product costing Smart Stream Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cell phones are as follows: Smart Stream desires a profit equal to a 30% return on invested assets of 1,200,000. A. Determine the amount of desired profit from the production and sale of 10,000 cell phones. B. Determine the product cost per unit for the production of 10,000 cell phones. C. Determine the product cost markup percentage for cell phones. D. Determine the selling price of cell phones.
Good afternoon Please answer d i,ii Scent Fragrance Company manufactures and sells several ranges of perfumes. The Average revenue and cost of sales are as follows: Selling price per unit $20.00 Variable costs per unit: Direct materials $4.00 Direct manufacturing labor $1.60 Manufacturing overhead $0.40 Selling costs $2.00 Annual fixed costs $96,000 a) Calculate the contribution margin per unit. b) Calculate the number of units Scent Fragrance Company must sell each year to break even. c) Calculate the number of units Scent Fragrance Company must sell to yield a profit of$144,000. d) Managers may use Sensitivity analysis in their accounting system. i) What is sensitivity analysis? ii) How is Sensitivity analysis useful to managers?
Okabee Enterprises is the distributor for two products, Model A100 and Model B900. Monthly sales and the contribution margin ratios for the two products follow: Product Model A100 Model B900 TotalSales . . . . . . . . . . . . . . . . . . . . . . . . $700,000 $300,000 $1,000,000Contribution margin ratio . . . . . . . . . 60% 70% ? The company’s fixed expenses total $598,500 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. 2. Compute the break-even point for the company based on the current sales mix. 3. If sales increase by $50,000 per month, by how much would you expect net operating income to increase? What are your assumptions?
Craig Co. sells two products, A and B. Last year, Craig sold 14,000 units of A and 21,000 units of B. Related data are as follows: Product Unit SellingPrice Unit VariableCost Unit ContributionMargin A $110 $70 $40 B 70 50 20 What was Craig Co.'s unit contribution margin?
Data related to the expected sales of golf balls and tennis balls for Sports Inc for the current year which is typical of recent years, are as follows: Units Selling Price (S) Unit Variable Cost ($) Products Sales Mix (%) Golf balls 24.00 15.50 70 Tennis balls 6.50 3.00 30 The estimated fixed costs for the current year are $111,300. Required: Estimated units sales of golf balls to breakeven Estimated units sales of tennis balls to breakeven Breakeven sales of golf balls in S Breakeven sales of tennis balls in S