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The Orinoco Manufacturing Company produces the following three products:
Saws Knives Measuring Tapes
Selling price per unit $40 $16 $50
Variable costs per unit 28 12 30
Contribution per unit $12 $ 4 $20
50% of all sales in units are Saws, 30% are Knives, and 20% are Measuring Tapes
Fixed costs are $76,000 per year.
Use the PERCENTAGE method and calculate: weighted contribution margin. Use dollar sign and go to two decimal places.
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