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Cullumber Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $100 throughout the country to loyal
Cullumber 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 3,300 schools. Cullumber's variable costs are 40% of sales, fixed costs are $116,000 per month. (a1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg. 0.38 - 38%.) 60 % Contribution margin ratio e Textbook and Media Assistance Used Attempts: 1 of 4 used What amount of revenue would need to be generated by each type of donut for the company to earn $46,800 in operating income? (Round answers to decimal places, eg. 25,000.) Sugar-glazed $ Cream-filled $ Giant-sized $ Current Attempt in Progress Chris's Donuts sells three types of donuts: sugar-glazed, cream-filled and giant-sized. The following table shows the sales price and variable cost for each type. Chris's incurs $280,800 a year in fixed costs. Assume that the store has a sales mix of three sugar-glazed, two cream-filled, and one giant-sized. Type Sugar-glazed Cream-filled Giant-sized Sales Price $0.78 0.94 1.10 Variable Cost $0.62 0.66 0.70 Contribution Margin $0.16 0.28 0.40 (a) Your answer is correct. How many donuts of each type will be sold at the breakeven point? (Round answers to decimal places, e.g. 25,000.) Sugar-glazed 585000 Cream-filled 390000
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