Problem
MacCloud Industries has two divisions%u2014Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available:
Standard Division Premium Division Total
Sales $400,000 $600,000 $1,000,000
Variable costs 280,000 360,000
Contribution margin $120,000 $240,000
Total fixed costs $320,000
What is the weighted-average contribution margin ratio?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.