Question
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
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
%
%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started