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 %
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 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2dff51a3-a054-40a0-aa8f-e50d0afe6098%2Fb6e9fa01-5759-4927-a25f-6b06de255bdd%2F799ip3w_processed.jpeg&w=3840&q=75)
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
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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