Blossom Candle Supply makes candles. The sales mix (as a percentage of total dollarsales) of its...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Blossom Candle Supply makes candles. The sales mix (as a percentage of total dollarsales) 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 40% (a) Your answer is incorrect. What is the weighted-average contribution margin ratio? Weighted-average contribution margin ratio % Blossom Candle Supply makes candles. The sales mix (as a percentage of total dollarsales) 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 40% (a) Your answer is incorrect. What is the weighted-average contribution margin ratio? Weighted-average contribution margin ratio %
Expert Answer:
Answer rating: 100% (QA)
Apologies for the incorrect answer To calculate the weightedaverage contribution margin ratio we nee... View the full answer
Posted Date:
Students also viewed these accounting questions
-
A small project consists of three activities: A, B, and C. To start activity C, both activities A and B need to be complete. Activity A takes 3 days with a probability of 50 percent and 5 days with a...
-
A fish store buys fresh tuna daily for $4.20 per kg and sells it for $5.70 per kg. At the end of each day, any remaining tuna is sold to a producer of cat food for $2.40 per kg. Daily demand for tuna...
-
The continuous random variable X has probability density function given by Find the exact value of E(e x ). 1 < x < 3 f(x) = 4 otherwise.
-
Prove the equations: (a) \(\overline{\bar{A} \bar{B}}=A+B\); (b) \(\overline{\bar{A}+\bar{B}}=A B\); (c) \(\overline{A_{1}+A_{2}+\cdots+A_{n}}=\ddot{A}_{1} \bar{A}_{2} \ldots \bar{A}_{n}\) (d)...
-
The adjusted trial balance of Smith Sign Company follows: Requirements 1. Assume Smith Sign Company has a January 31 year-end. Journalize Smiths closing entries at January 31. 2. How much net income...
-
2. A communications satellite is 36,000km from Earth and there is a half-duplex radio link between a station on Earth and a receiver on the satellite. The radio link has a bandwidth of 50,000 bits...
-
Lydia leased a warehouse from Mary and a 3year lease segment was signed. The warehouse is to be leased from 1 st Jan 2018 until 31 st Dec 2020. The total cost of the warehouse is sh. 500,000 with a...
-
How are laws proscribing obscenity susceptible to the overbreadth and vagueness challenges?
-
How does the criminal law distinguish between mere preparatory conduct and the overt act required for a criminal attempt? Can you think of a situation in which preparatory conduct might have the...
-
(a) What is the difference between covariance and correlation? (b) What is centered form? (c) What is SS e a measure of?
-
What justifies criminalizing attempt, solicitation, and conspiracy?
-
Is mooning, a common adolescent prank, a form of indecent exposure in your state?
-
Assume you have an idea for a new e-commerce small business start-up and want to build a web site for it. You start your job and answer the following questions: What is the best possible web building...
-
At Glass Company, materials are added at the beginning of the process and conversion costs are added uniformly. Work in process, beginning: Number of units Transferred - in costs Direct materials...
-
Using the put-call parity model, determine the equilibrium price of the put in Question 1, given the equilibrium call value as determined by the binomial model. Comment on the consistency of the...
-
Assume two periods to expiration, \(u=1.05, d=1 / 1.05, r_{f}=1.02, S_{0}=\$ 100\), no dividends, and \(X=\$ 100\) on a European put expiring at the end of the second period. a. Find: \(P_{u w}, P_{u...
-
Suppose the US investor in Question 8 were risk averse, instead of risk neutral, and wants a risk premium of \(1 \%\) (annual) for assuming the exchange-rate risk on the international investment. a....
Study smarter with the SolutionInn App