Assume That the Following Information Is Available for Coldwrap,Inc Compute Contribution Margin Ratio for Each Product Line

Essay

Assume that the following information is available for Coldwrap,Inc.:
$\begin{array}{|l|r|r|r|}\hline &\text { Light- } & \text { Medium- } & \text { Heavy- } \\&\text { weight } & \text { weight } & \text { weight } \\&\text { Down } & \text { Down } & \text { Down } \\&\text { Comforter } & \text { Comforter } & \text { Comforter }\\ \hline \text { Sales } & \$ 525,000 & \$ 262,500 & \$ 660,000 \\\hline \text { Variable expenses } & & & \\\hline \text { Variable production } & \$ 105,000 & \$ 28,875 & \$ 135,000 \\\hline \text { Variable advertising } & \$ 15,750 & \$ 5,250 & \$ 33,000 \\\hline \text { Variable shipping } & \$ 18,000 & \$ 21,000 & \$ 42,000 \\\hline\end{array}$

Compute contribution margin ratio for each product line.