Crane Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $100 throughout the country to loyal alumni of over 1,000 schools. Crane's variable costs are 40% of sales; fixed costs are $118,000 per month. (a1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38=38%.) Contribution margin ratio % eTextbook and Media Attempts: unlimited (a) Your answer is incorrect. What is Crane's annual breakeven point in sales dollars? (Use the rounded contribution margin ratio calcuated in the previous part to compute breakeven sales.) Breakeven sales