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What is Sheridan Cash contribution margin ratio

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Reference no: EM133002313

Question - Sheridan 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 $11 each. All other costs incurred by the company are fixed. Sheridan Cash, Ltd. sells the hats for $44 each.

A. If fixed costs total $462,000 per year, what is the breakeven point in units? In sales dollars?

B. What is Sheridan Cash's contribution margin ratio? Its variable cost ratio?

Reference no: EM133002313

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