Jim Sandalwood has recently opened The Sandal Hut in Brisbane, Australia, a store that specializes in fashionable sandals. Jim has just received a degree in business and he is anxious to apply the principles he has learned to his business. In time, he hopes to open a chain of sandal shops. As a first step, he has prepared the following analysis for his new store: Sales price per pair of sandals Variable expenses per pair of sandals $ 50.00 0.00 Contribution margin per pair of sandals $20.00 Fixed expenses per year: Building rental Equipment depreciation Selling Administrative 18,000 6,000 32,000 34,000 Total fixed expenses $90,000