5 A B D Formula: Add, Multiply, Divide; Cell Referencing E F GHI Using Excel to Compute Multiple Product Break-Even Points PROBLEM 6 Dixie Candle Supply makes candles. The sales mix (as a 7 percentage of total dollar sales) and the contribution margin 8 ratios of its three product lines, and its total fixed costs follow. 9 Contribution Student Work Area K Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or work area as indicated. 10 11 12 Birthday candles Sales Mix Margin Ratio 30% 13 Standard tapered candles 20% 50% 14 Large scented candles 30% 20% 45% 15 16 Total fixed costs $450,000 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 a. What is the weighted-average contribution margin ratio? Weighted average contribution margin ratio b. What is the sales dollar amount of each type of candle that must be sold to break even? Break-even points in sales dollars Total Birthday candles Standard tapered candles Large scented candles