Question: sandhill monograms sells stadium blankets that have been monogrammed with...
Sandhill Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 2,100 schools. Sandhill’s variable costs are 41% of sales; fixed costs are $118,000 per month.
Assume that variable costs increase to 47% of the current sales
price and fixed costs increase by $10,000 per month. If Sandhill
were to raise its sales price by 11% to cover these new costs, what
would be the new annual breakeven point in sales dollars?
(Round sales price to 2 decimal places, e.g. 52.75 and
final answer to 0 decimal places, e.g.