Current Attempt in Progress

Sheridan Company has two divisions; Sporting Goods and Sports Gear. The sales mix is $80\%$ for Sporting Goods and $20\%$ for Sports

Gear, as determined by total sales dollars. Sheridan incurs $$6640000$ in fixed costs. The contribution margin ratio for Sporting Goods

is $20\%,$ while for Sports Gear it is $55\%.$ The weighted$-$average contribution margin ratio is

$27\mathrm{.}00\%$

$70\mathrm{.}00\%$

$48\mathrm{.}00\%$

$95\mathrm{.}00\%$

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