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What is lilacs weighted-average contribution margin ratio

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Question: Lilac Industries sells two products, Basic and Supreme. The sales mix of the product lines in terms of sales dollars is Basic 40% and Supreme 60%. The contribution margin ratio of the Basic line is 40% and the contribution margin ratio of the Supreme line is 60%. Lilac's monthly fixed costs are $1,248,000. What is Lilac's weighted-average contribution margin ratio?

Reference no: EM133662580

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