Academy sports sells two products, football and baseball . Footballs make up 60% of sales and have...
Academy sports sells two products, football and baseball . Footballs make up 60% of sales and have a contribution margin ratio of 30%; Baseballs make up 40% of sales and have a contribution margin of 90%. What is the weighted average contribution margin for Academy sports?
Homework Answers
Solution: Weighted average contribution margion ratio = Weight of football * Contribution margin ratio of football + Weight of baseballs * Contribution margin ratio of baseballs
= 60% * 30% + 40% * 90%
= 18% + 36% = 54%
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