Question: Brief Exercise 20-9 (Part Level Submission) Dixie Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product

Brief Exercise 20-9 (Part Level Submission)

Dixie Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles30%, standard tapered candles60%, and large scented candles10%. The contribution margin ratio of each candle type is shown below.

Candle Type

Contribution Margin Ratio

Birthday20%

Standard tapered35%

Large scented40%

What is the weighted-average contribution margin ratio?(Round answer to 0 decimal places, e.g. 15.)

Weighted-average contribution margin ratio

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