Consider the following per unit data for Jennifer Company, a seller of tables and chairs: What is the weighted-average unit cont
ribution margin for Jennifer Company?
1 answer:
Answer:
$28 per unit
Explanation:
since the information is missing, I looked for similar questions:
contribution margin per chair = $50 - $35 = $15
contribution margin per table = $200 - $120 = $80
sales mix: 4 chairs + 1 table
contribution margin per sales mix = (4 x $15) + $80 = $140
weighted average contribution margin = $140 / 5 = $28
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Answer:
50.16%
Explanation:
The percentage increase in sales from the preceding year to the current year can be calculated as:
where:
is the sale for the current year
is the sale for the preceding year
From the sales data of this problem, we have:
(current year)
(preceding year)
Therefore, the percentage increase in sales is: