Margin,Inc.has two products-picture frames and candle holders.Financial data for both the products follows: Margin has two sales representatives-Jack Lynch and Peter Cho.Each sales representative sold a total of 1,400 units during the month of March.Jack had a sales mix of 80% picture frames and 20% candle holders.Peter had a sales mix of 70% picture frames and 30% candle holders.What is the contribution margin ratio for picture frames and candle holders,respectively?
A) 56%; 35%
B) 49%; 31%
C) 7%; 4%
D) 44%; 65%
Correct Answer:
Verified
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