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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
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 $15 to $25. The shoes presently sell for $47 each, but due to the competitive environment, Softstep Stables plans to drop their price to $36 each. Their current volume is 1,000 units. Fixed costs are $1,100. What is the total contribution to profit BEFORE the price and cost change? TUTORIAL 0 dollars PS4 1 2 3 5 6 SUBMIT ANSWER EXIT CALCULATED VARIABLES: olducont = $32
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