Question
In the month of June, Bonita's Beauty Salon gave 3,460 haircuts, shampoos, and permanents at an average price of $50. During the month, fixed costs
In the month of June, Bonita's Beauty Salon gave 3,460 haircuts, shampoos, and permanents at an average price of $50. During the month, fixed costs were $17,900 and variable costs were 60% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 125.) Contribution margin (in dollars) $ Contribution margin per unit $ Contribution margin ratio % Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 125.) Break-even point (in dollars) $ Break-even point (in units) units
Compute the margin of safety in dollars and as a ratio. (Round answers to 0 decimal places, e.g. 125.) Margin of safety (in dollars) $ Margin of safety (ratio) %
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