Please answer each part to complete the entire problem. The bottom part is also part of the
Fantastic news! We've Found the answer you've been seeking!
Question:
Please answer each part to complete the entire problem. The bottom part is also part of the same problem.
Transcribed Image Text:
Bonita Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Division Dining Room Division Total Sales $511,600 $767,400 $1,279,000 Variable costs 276,264 445,092 721,356 Contribution margin $235,336 $322.308 $557,644 (a) Determine the company's sales mix. (Round answers to 2 decimal places, e.g. 0.15.) Bedroom Division Sales mix Dining Room Division Determine the company's weighted average contribution margin ratio (Round answer to 4 decimal places, eg 0.1578) Weighted average contribution margin ratio Bonita Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Division Dining Room Division Total Sales $511,600 $767,400 $1,279,000 Variable costs 276,264 445,092 721,356 Contribution margin $235,336 $322.308 $557,644 (a) Determine the company's sales mix. (Round answers to 2 decimal places, e.g. 0.15.) Bedroom Division Sales mix Dining Room Division Determine the company's weighted average contribution margin ratio (Round answer to 4 decimal places, eg 0.1578) Weighted average contribution margin ratio
Expert Answer:
Answer rating: 100% (QA)
1 Determining the Sales Mix The sales mix represents the proportion of sales for each division relat... View the full answer
Posted Date:
Students also viewed these accounting questions
-
A new investment opportunity for you is an annuity that pays $3,800 at the beginning of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most...
-
Occasion 1 Correct hand washing procedure Follow organisational hygiene procedures when preparing food: Identify food hazards, remove, or minimise them and report to assessor? Follow the correct...
-
Balance Sheets for Aurora Ltd as at 30 June 2022 & 30 June 2023 and Income Statement for the year ended 30 June 2023 are provided below: Aurora Ltd Balance Sheets as at 30 June 2023 2022 Assets $ $...
-
Attijari Wafa Bank distributed on May 2022 a dividend per share of 5 MAD / share. The company is planning to have next 3 years a growth rate of 5% then after 7%. If the required rate of return is 12%...
-
The following data were taken from the records of Village Corporation at December 31, 2014: Required: Prepare a complete statement of earnings for the company (showing both gross profit and earnings...
-
A tube of 2-mm diameter is used to heat saturated water at 1 atm, which is in cross flow over the tube. Calculate and plot the critical heat flux as a function of water velocity over the range 0 to...
-
What are the arguments for including uncontrollable costs on a manager's performance report? What are the arguments against?
-
Use the tabular and graphical methods of descriptive statistics to learn how these variables contribute to the success of a motion picture. Include the following in your report. Tabular and graphical...
-
int maino { char letter; fstream file_obj("Letters.txt", ios::inios::out); 1 file_obj.close(); } In the code shown above the file "Letters.txt" is open for both reading and writing. The current...
-
Zachary Company has provided the following Year 2 data. Budget Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed...
-
Answer this: Give me good conflict management techniques. Give specific examples of where you have seen an official/referee use good conflict management to help control a potentially hostile...
-
Cesar logged onto Facebook and saw a conversation between some of his mom's friends arguing about whether or not his school should have a school uniform. He noticed that his mom's friends didn't...
-
Find the term containing x 26 in the expansion of (2x2 - 3)24. Simplify completely.
-
Summarize the management of fisheries by the FCMA in the 1970s. Describe three specific attitudes towards wildlife management as defined by Kellert (1984) that best describe yourself. How have your...
-
A famous study on vision, conducted in 1933, presented a phenomenon known as the "Stiles-Crawford effect of the first kind" which says that the percentage P of the total luminance entering a pupil of...
-
1. Tik made a loan of P10,000 in writing from his good friend Tok to be paid on April 30, 2021. Yesterday, Tik asked Tok if he could extend the due date since he (Tik) has no income due to the...
-
Describe a job you have had in the past or a job you are very familiar with. Indicate the negative aspects of the job and how it could be improved with current human resource management techniques.
-
If the equipment account has a balance of \($22,500\) and its accumulated depreciation account has a balance of \($14,000,\) the carrying value of the equipment is: A. \($36,500\) B. \($22,500\) C....
-
What are the components of relevant information? What are the components of reliable information?
-
Define what is meant by a component of an entity in the context of reporting the results of discontinued operations. How are discontinued operations reported in the income statement?
Study smarter with the SolutionInn App