Question
Softstep Stables has developed a lighter horseshoe for thoroughbreds, called the Air Citation The company is presently experiencing labor difficulties and plans to raise
Softstep Stables has developed a lighter horseshoe for thoroughbreds, called the Air Citation The company is presently experiencing labor difficulties and plans to raise wages to avert a strike. This will increase the Variable Cost per shoe from $16 to $24. The shots presently sell for $61 each, but due to the competitive environment, Softstep Stables plans to drop their price to $48 each. Their current volume is 1.319 units. Fixed costs are $1.562. What is unit (per shoe) contribution BEFORE the price and cost changes? Enter your answer with ZERO decimal places, no symbols (eg. $) Type your answer...
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