A pants maker is designing a new line of pants called the Redbird. The pants will sell for $325 per pair and cost $260 p...
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A pants maker is designing a new line of pants called the Redbird. The pants will sell for $325 per pair and cost $260 per pair in variable costs to make.
(1) | Compute the contribution margin per pair. (Omit the "$" sign in your response.) |
Contribution margin | $ |
(2) | Compute the contribution margin ratio. (Omit the "%" sign in your response.) |
Contribution margin ratio | % |