Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In June, Blossom Salon gave 3 , 0 0 0 haircuts, shampoos, and permanents at an average price of $ 4 0 . During the

In June, Blossom Salon gave 3,000 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $32,040 and variable costs were 70% of sales.
(a)
Determine the contribution margin in dollars, per unit, and as a ratio. (Round per unit value to 2 decimal places, e.g.52.75 and final answer to 0 decimal places, e.g.5,275.)
Contribution margin (in dollars) $
Contribution margin (per unit) $
Contribution margin (ratio)
%
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Beginners

Authors: Kokab Rahman

1st Edition

149479294X, 978-1494792947

More Books

Students also viewed these Accounting questions

Question

What are the steps that the EEOC uses once a charge is filed?

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago