Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the month of June, Ivanhoe Hebert's Beauty Salon gave 3 , 5 0 0 haircuts, shampoos, and hair colorings at an average price of

In the month of June, Ivanhoe Hebert's Beauty Salon gave 3,500 haircuts, shampoos, and hair colorings at an average price of $50. During the month, fixed costs were $17,500 and variable costs were 80% of sales.
(a)
Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g.5.75.)
Contribution margin
Unit contribution margin
Contribution margin ratio
%
Attempts: 0 of 1 used
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

Nike Inc Strategic Audit SWOT Pestle Competitor And Financial Analysis

Authors: Bankim Chandra Pandey

1st Edition

1973352516, 978-1973352518

More Books

Students also viewed these Accounting questions