Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

In the month of June, Jose Hebert's Beauty Salon gave 4,300 haircuts, shampoos, and permanents at an average price of $30. During the month, fioed costs were $16,600 and variable costs were 75% of sales. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit and contribution margin ratio to 2 decimal ploces, eg. 5.25 \& 10.50.) eTextbook and Media Using the contribution margin technique compute the break-even point in dollars and in units. (Round answers to 0 decimal places. ces 1,225) Break-even point $ Break-even point units eTextbook and Media Compute the margin of safety in dollars and as a ratio. (Round answers to 0 decimal places, eg. 1,225.) 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

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

More Books

Students also viewed these Accounting questions