Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the month of June, Jose Heberts Beauty Salon gave 4,300 haircuts, shampoos, and permanents at an average price of $ 30 . During the

In the month of June, Jose Heberts Beauty Salon gave 4,300 haircuts, shampoos, and permanents at an average price of $ 30 . During the month, fixed costs were $ 16,800 and variable costs were 75% of sales.

Need to find:

Contribution margin -

contribution margin per unit-

Contribution margin ratio-

Using the contribution margin technique, compute the break-even point in dollars and in units.

Break-even point-

Break-even point (Units)-

Compute the margin of safety in dollars and as a ratio.

Margin of safety($)-

Margin of safety ratio (%)-

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_2

Step: 3

blur-text-image_3

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

Kamishibai Boards A Lean Visual Management System That Supports Layered Audits

Authors: Joseph Niederstadt

1st Edition

1482205297, 978-1482205299

More Books

Students also viewed these Accounting questions

Question

I receive useful feedback about my performance.

Answered: 1 week ago

Question

I am encouraged to offer opinions/suggestions.

Answered: 1 week ago