Question: Connor owns a pottery and craft store. The store does very well, with pottery division sales of $120,000 with variable costs of $90,000, and craft
Connor owns a pottery and craft store. The store does very well, with pottery division sales of $120,000 with variable costs of $90,000, and craft division sales of $80,000 with variable costs of $52,000. If Connor were to calculate the weighted-average contribution margin for the store, what would he find?
A : The weighted-average contribution margin for the store is 29%.
B : The weighted-average contribution margin for the store is 19%.
C : The weighted-average contribution margin for the store is 15%.
D : The weighted-average contribution margin for the store is 60%.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
