What is the weighted average contribution margin ratio, Accounting Basics

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What is the weighted average contribution margin ratio

Question:

Kooi Papery makes cards for special occasions. The sales mix (as a percent of total dollar sales) of its three product fines is: birthday cards 40%, thank you cards 35%, and wedding cards 25%. The contribution margin ratio of each card type is shown below:

Card Type	Contribution Margin Ratio
Birthday	20%
Thank you	30%
Wedding	25%

(a) What is the weighted average contribution margin ratio?

(b) If the company"s fixed costs are $297,000 per year_: what is the dollar amount of each type of card that must be sold to break even?

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