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Vaughn Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candle 30%, standard tapered candles 50%, and large scented candle 20%. The contribution margin ratio of each candle type is shown below.Candle TypeContribution Margin RatioBirthday20%Standard tapered30%Large scented40%a/ What is the weighted-average contribution margin ratio?

Question

Vaughn Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candle 30%, standard tapered candles 50%, and large scented candle 20%. The contribution margin ratio of each candle type is shown below.

Candle Type

Contribution Margin Ratio

Birthday

20%

Standard tapered

30%

Large scented

40%

a/ What is the weighted-average contribution margin ratio?

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Step 1

Compute the weighted average contribution mar...

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