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In June, Sheridan Salon gave 2,700 haircuts, shampoos, and permanents at an average price of $45. During the month, fixed costs were $27,000 and
In June, Sheridan Salon gave 2,700 haircuts, shampoos, and permanents at an average price of $45. During the month, fixed costs were $27,000 and variable costs were 75% of sales. 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) % Using the contribution margin technique, compute the break-even sales dollars and sales units. Break-even sales dollars Break-even sales units $ units Compute the margin of safety dollars and as a ratio. (Round answers to O decimal places, e.g. 5,275.) Margin of safety in dollars $ Margin of safety ratio %
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