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MacCloud Industries Has

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MacCloud Industries has two divisions-Standard 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 280,000360,000 Contribution margin $120,000$240,000 Total fixed costs $300,000\begin{array}{lll}&\text { Standard Division }&\text { Premium Division } & \text { Total }\\\hline\text { Sales } & \$ 400,000 & \$ 600,000&\$1,000,000 \\\text { Variable costs } & 280,000 & 360,000 \\\text { Contribution margin } & \$ 120,000 & \$ 240,000\\\text { Total fixed costs }&&&\$300,000\end{array}
-What is the weighted-average contribution margin ratio?


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