Budjeting things or saving or spending it can go both ways
Answer:
$6.55
Explanation:
A company sells two products. Product A sells for $10.00 per unit and Product B sells for $8.00 per unit. Variable costs are $3.00 for Product A and $2.50 for Product B. If the sales mix is 70% Product A and 30% Product B, the weighted average contribution margin is _____.
Step 1
Calculate Contribution per product = Selling Price - Variable Costs
Contribution for A = 10 - 3 = 7
Contribution for B = 8 - 2.5 = 5.5
Step 2
Multiply the Contribution per product by its sales mix
A = 7 x 70% = 4.9
B = 5.5 x 30% = 1.65
Step 3
Add up the weighted contribution margins for each product
Therefore the the weighted average contribution margin for both product is (4.9 + 1.65) = $6.55
The scientific approach to management emerged in the early 20th century when companies wished to increase worker productivity to counteract labour shortages.
<h3>What is labour shortages?</h3>
Labor shortage occurs when employers are having a difficulty recruiting qualified applicants for a particular job openings.
In this case, there is a job but no suitable employee to fill space this could be because some jobs are not easy to fill.
Therefore, the scientific approach to management emerged in the early 20th century when companies wished to increase worker productivity to counteract labour shortages
For more information on labour shortages kindly check brainly.com/question/1468841
Pretty sure a full time job is 45 hours
