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What is cullumber cash contribution margin ratio

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Cullumber Cash, Ltd. operates a chain of exclusive ski hat boutiques in the western United States. The stores purchase several hat styles from a single distributor at $10 each. All other costs incurred by the company are fixed. Cullumber Cash, Ltd. sells the hats for $25 each.

Problem 1: If fixed costs total $156,000 per year, what is the breakeven point in units? In sales dollars?

Problem 2: What is Cullumber Cash's contribution margin ratio? Its variable cost ratio?

Reference no: EM132892285

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