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Determine the weighted-average contribution margin ratio

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Question - 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

Required -

1. Determine the sales mix based on Sales units as a %?

2. Determine the weighted-average contribution margin ratio?

3. Determine monthly sales in $ to break even?

Reference no: EM133023914

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