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Richard Miller operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for

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Richard Miller operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $20 and sells them for $25. Richard's current breakeven point is 15,800 hats per year. What was Richard's margin of safety in units and dollars last year? Margin of safety in units hats Margin of safety in dollars Calculate contribution margin per unit. Contribution margin per urtht eTextbook and Media Assistance Us Attempts: 3 of 12 (a2) Your answer is correct. What is Richard's current level of fixed costs? (Use the rounded contribution margin per unit calculated in the previous part) Current level of foxed costs $ Assume that Richard's fixed costs, variable costs, and sales price were the same last year, when he made $25,900 in net income. How many hats did Richard sell last year, assuming a 30% income tax rate? (Use the rounded contribution margin per unit calculated in the previous part.) hats

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