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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 Birthday Standard tapered Large scented Contribution Margin Ratio 20% 30% 45%

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 Birthday Standard tapered Large scented Contribution Margin Ratio 20% 30% 45%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 Birthday Standard tapered Large scented (a) Contribution Margin Ratio 20% 30% 45% What is the weighted-average contribution margin ratio? Weighted-average contribution margin ratio 4 %
Transcribed Image Text: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 Birthday Standard tapered Large scented (a) Contribution Margin Ratio 20% 30% 45% What is the weighted-average contribution margin ratio? Weighted-average contribution margin ratio 4 %
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