Sheridan Corporation sells three different models of a mosquito "zapper." Model A12 sells for $57 and has unit variable costs of $40. Model B22 sells for $114 and has unit variable costs of $80. Model C124 sells for $456 and has unit variable costs of $342. The sales mix(as a percentage of total units) of the three models is A12, 60% ; B22, 15% ; and C124, 25%. What is the weighted-average unit contribution margin? (Round answer to 2 decimal places, e.g. 15.50.) Weighted-Average Unit Contribution Margin $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Please don't give image based answer..thanku
Sheridan Corporation sells three different models of a mosquito "zapper." Model A12 sells for $57 and has unit variable costs of $40.
Model B22 sells for $114 and has unit variable costs of $80. Model C124 sells for $456 and has unit variable costs of $342. The sales
mix(as a percentage of total units) of the three models is A12, 60%; B22, 15%; and C124, 25%.
What is the weighted-average unit contribution margin? (Round answer to 2 decimal places, e.g. 15.50.)
Weighted-Average Unit Contribution Margin $
Transcribed Image Text:Sheridan Corporation sells three different models of a mosquito "zapper." Model A12 sells for $57 and has unit variable costs of $40. Model B22 sells for $114 and has unit variable costs of $80. Model C124 sells for $456 and has unit variable costs of $342. The sales mix(as a percentage of total units) of the three models is A12, 60%; B22, 15%; and C124, 25%. What is the weighted-average unit contribution margin? (Round answer to 2 decimal places, e.g. 15.50.) Weighted-Average Unit Contribution Margin $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education