Question: Explain that the following statement is TRUE or FALSE: Gray Company sells two products, X and Y. For the coming year, Gray predicts the sale

Explain that the following statement is TRUE or FALSE:

Gray Company sells two products, X and Y. For the coming year, Gray predicts the sale of 5,000 units of X and 10,000 units of Y. The contribution margins of the two products are $5 and $3, respectively. The weighted-average contribution margin would be $5.50.

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