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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

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 $22 each. All other costs incurred by the company are fixed. Cullumber Cash, Ltd. Sells the hats for $55 each.

What is Cullumber Cashs contribution margin ratio? Its Variable Cost ratio?

Contribution margin ration ????? %

Variable cost ration ????? %

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