Find consequence of rising fixed costs (Learning Objectives 1, 3) DeAnna Braun sells homemade knit scarves for
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Find consequence of rising fixed costs (Learning Objectives 1, 3)
DeAnna Braun sells homemade knit scarves for \(\$ 16\) each at local crafts shows. Her contribution margin ratio is \(62.5 \%\). Currently, the crafts show entrance fees cost DeAnna \(\$ 1,000\) per year. The crafts shows are raising their entrance fees by \(15 \%\) next year. How many extra scarves will DeAnna have to sell next year just to pay for rising entrance fee costs?
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