Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 20-2 In the month of June, Jose Hebert's Beauty Salon gave 3,900 haircuts, shampoos, and permanents at an average pnce of $ 30 of
Exercise 20-2 In the month of June, Jose Hebert's Beauty Salon gave 3,900 haircuts, shampoos, and permanents at an average pnce of $ 30 of sales. Dunng the month fixed costs were $ 16,600 and vanable costs were 75% Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, e.g. 5.25 & 10.50.) Contribution margin Contribution margin per unit Contribution margin ratio LINK TO TEXT VIDEO: SIMILAR EXERCISE Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 1,225.) Break-even point Break-even point s units LINK TO TEXT VIDEO: SIMIIAR EXERCISE Compute the margin of safety in dollars and as a ratio.(Round answers to O decimal places, e.g. 1,225 Margin of safetys Margin of safety ratio K TO TEXT VIDEO: SIMILAR EXERCISE :50 PM ere to search RA ^-4x 11/12/2018 DOLL
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