Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Jul 2017 My Price 4.00

Peine Candle Supply

Peine Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 30%, standard tapered candles 50%, and large scented candles 20%. The contribution margin ratio of each candle type is shown below.
Candle Type Contribution Margin Ratio
Birthday ………………………………….. 20%
Standard tapered …………………………. 20%
Large scented …………………………….. 45%
(a) What is the weighted-average contribution margin ratio?
(b) If the company’s fixed costs are $440,000 per year, what is the dollar amount of each type of candle that must be sold to break even?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jul 2017 12:07 PM My Price 4.00

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