Question: Current Attempt in Progress Ivanhoe Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines
Current Attempt in Progress Ivanhoe Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 25%, standard tapered candles 40%, and large scented candles 35%. The contribution margin ratio of each candle type is as follows: Contribution Margin Candle Type Ratio Birthday 20% Standard tapered 25% Large scented 50% If the company's fixed costs are $571,675 per year, what is the dollar amount of each type of candle that must be sold to break even? (Round weighted-average contribution margin ratio to 2 decimal places, e.g. 15.25% and final answer to O decimal places, e.g. 1,545.) Birthday: $ Standard tapered: $ Large scented: $ eTextbook and Media Save for Later Break-even in sales Attempts: 0 of 2 used Submit Answer
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