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Determine the weighted-average contribution margin ratio

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Grant Toole Company, which has monthly fixed costs of $31,250 sells three products, the cost and price data which are as following:

                                  Hammers                 Screwdrivers                Chisels
Selling Price                    $5.00                     $2.00                      $4.00
Variable Costs                $3.00                    $1.50                         $2.00
Expected Sales               200                         250                      300

Problem 1: Determine the sales mix based on Sales units as a %

Problem 2: Determine the weighted-average contribution margin ratio

Problem 3: Determine monthly sales in $ to break even

Reference no: EM132936212

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