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In the month of June, Jose Heberts Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $25. During the month, fixed

In the month of June, Jose Heberts Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $25. During the month, fixed costs were $16,800 and variable costs were 75% of sales.

(a)

Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin and contribution margin per unit to 2 decimal places, e.g. 5.75.)
Contribution margin $

Contribution margin per unit $

Contribution margin ratio

%

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