(b). What is Sheridan Cash's contribution margin ratio? Its variable cost ratio? % Contribution margin...
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(b). What is Sheridan Cash's contribution margin ratio? Its variable cost ratio? % Contribution margin ratio % Variable cost ratio 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? The breakeven point hats $ The breakeven sales
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