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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