FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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If the company's fixed costs are $395,400 per year, what is the sales dollar amount of each type of candle that must be sold to break even? Product line break-even point $ Birthday Standard tapered Large scented
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Transcribed Image Text:If the company's fixed costs are $395,400 per year, what is the sales dollar amount of each type of candle that must be sold to break even? Product line break-even point $ Birthday Standard tapered Large scented
Sunland 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 55%, and large scented candles 15%. The contribution margin ratio of each candle type is shown below. Candle Type Birthday Standard tapered Large scented Contribution Margin Ratio 20% 30% 50% What is the weighted-average contribution margin ratio? Weighted average contribution margin ratio %
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Transcribed Image Text:Sunland 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 55%, and large scented candles 15%. The contribution margin ratio of each candle type is shown below. Candle Type Birthday Standard tapered Large scented Contribution Margin Ratio 20% 30% 50% What is the weighted-average contribution margin ratio? Weighted average contribution margin ratio %
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Step 2: a. weighted average CM ratio and Overall break even
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