Oriole Company has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available: Standard Division Premium Division Total Sales $400000 $600000 $1000000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Oriole Company has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis
products. The following information is available:
Standard
Division
Premium
Division
Total
Sales
$400000
$600000
$1000000
Variable costs
$220000
200000
Contribution
$180000
$400000
margin
Total fixed
costs
$300000
What is the company's weighted-average contribution margin ratio? (Round final answer to nearest whole percent.)
○ 58%
○ 65%
○ 50%
O 12%
Transcribed Image Text:Current Attempt in Progress Oriole Company has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available: Standard Division Premium Division Total Sales $400000 $600000 $1000000 Variable costs $220000 200000 Contribution $180000 $400000 margin Total fixed costs $300000 What is the company's weighted-average contribution margin ratio? (Round final answer to nearest whole percent.) ○ 58% ○ 65% ○ 50% O 12%
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