Oriole 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 $21 each. All other costs incurred by the company are fixed. Oriole Cash, Ltd. sells the hats for $70 each.

(a) If fixed costs total $245,000 per year, what is the breakeven point in units? In sales dollars? The breakeven point enter breakeven point value for number of hats in units hats The breakeven sales $enter breakeven sales amount in dollar

(b) What is Oriole Cashs contribution margin ratio? Its variable cost ratio?

Contribution margin ratio enter contribution margin ratio in percentages rounded to 0 decimal places % __________

Variable cost ratio enter variable cost ratio in percentages rounded to 0 decimal places %_________