Jackie's Snacks sells fudge, caramels, and popcorn. It sold 6,000 units last year. Popcorn outsold fudge...
Jackie's Snacks sells fudge, caramels, and popcorn. It sold
6,000
units last year. Popcorn outsold fudge by a margin of 2 to 1. Sales of caramels were the same as sales of popcorn. Fixed costs for Jackie's Snacks are
$14,000.
Additional information follows:
|
Product |
Unit Sales Prices |
Unit Variable Cost |
|
Fudge |
$ 13.00 |
$ 10.00 |
|
Caramels |
$ 7.00 |
$ 5.00 |
|
Popcorn |
$ 7.00 |
$ 3.00 |
The weighted average contribution margin for the three products of Jackie's Snacks is
A.
$ 3.00
B.
$ 45.00
C.
$ 11.40
D.
$ 1.00
Homework Answers
| Fudge | Caramels | Popcorn | Total | ||
| Sales | 13.00 | 7.00 | 7.00 | ||
| Less: Variable cost | 10.00 | 5.00 | 3.00 | ||
| Contribution Margin | 3.00 | 2.00 | 4.00 | ||
| Sales Mix | 20% | 40% | 40% | 100% | |
| Contribution Margin | 0.60 | 0.80 | 1.60 | 3.00 | |
Therefore a is the correct answer
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