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What the weighted-average contribution margin ratio is

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Reference no: EM132572242

Ed Crane Corporation has two divisions; Outdoor Sports and Indoor Sports. The sales mix is 60% for Outdoor Sports and 40% for Indoor Sports. Crane incurs $2410000 in fixed costs. The contribution margin ratio for the Outdoor Sports Division is 40%, while for the Indoor Sports Division it is 50%.

Question 1: The weighted-average contribution margin ratio is

Option 1: 44.00%.

Option 2: 45.00%.

Option 3: 46.00%.

Option 4: 50.00%.

Reference no: EM132572242

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