Family Furniture Co. has two divisions: bedroom division and dining room division. The results of...
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Accounting
Family Furniture Co. has two divisions: bedroom division and dining room division. The results of operations for the most recent quarter are as follows:
| Bedroom Division | Dining Room Division | ||||||||
| Sales | $432,300 | $1,008,700 | |||||||
| Variable costs | 324,225 | 504,350 | |||||||
| Contribution margin | $108,075 | $504,350 | |||||||
Determine the companys weighted-average contribution margin ratio.
| Weighted-average contribution margin ratio | % |
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