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Problem - Concord Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are:
Bedroom Division
Dining Room Division
Total
Sales
$510,300
$766,200
$1,277,000
Variable costs
270,124
444,396
715,120
Contribution margin
$240,076
$321,804
$561,880
Required -
1. Determine the company's sales mix.
2. Determine the company's weighted-average contribution margin ratio.
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