Question
, 4. Chaney Company provides lawn care services. Following are data for a recent week: Service Revenue $1,300 Variable Costs 780 Contribution Margin $520 Chaney
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4. Chaney Company provides lawn care services. Following are data for a recent week:
Service Revenue | $1,300 |
Variable Costs | 780 |
Contribution Margin | $520 |
Chaney provided service to 25 customers during the week. Determine the average amount the company charged each customer, the variable cost per customer, and the contribution margin ratio.
Enter the number of customers serviced during the week, then calculate the amount per customer for service revenue, variable costs, contribution margin, contribution margin ratio, and contribution margin ratio for the total. (Enter the amount per customer to two decimal places, X.XX.)
Amount per | |||||
---|---|---|---|---|---|
Total | Customers | Customer | |||
Service Revenue | $1,300 | ||||
Variable Costs | 780 | ||||
Contribution Margin | $520 | ||||
Contribution Margin Ratio | % | % |
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