Question 1
Archoid's Flowering Plants provides the following information for the month of May:
Tulips | Geraniums | Tulips | Geraniums |
Sales in units | 4500 | 4100 | 4,950 | 3,300 |
Contribution margin per unit | $15 | $19 | $10 | $21 |
What is the budgeted contribution margin per composite unit for the actual mix? (Round any intermediary calculations two decimal places.)
◦ $14.40
◦ $15.72
◦ $19.00
◦ $15.28
Question 2
Archoid's Flowering Plants provides the following information for the month of May:
Tulips | Geraniums | Tulips | Geraniums |
Sales in units | 4700 | 4080 | 4,950 | 3,300 |
Contribution margin per unit | $15 | $19 | $10 | $23 |
What is the budgeted contribution margin per composite unit for the budgeted mix? (Round any intermediary calculations two decimal places.)
◦ $17.02
◦ $15.20
◦ $19.00
◦ $15.98