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Multiple Choice Question 138 Wildhorse Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer.
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Answer #1

The contribution margin ratio of wine division

= contribution margin/ selling price ×100

= (46-18.4)/46×100

= 60 %

There fore the closest correct answer is 61 %

Thus the correct answer is 61%

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