Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the month of June, Jose. Hebert's Beauty Salon gave 4,125 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed

image text in transcribed
image text in transcribed
In the month of June, Jose. Hebert's Beauty Salon gave 4,125 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $16,500 and variable costs were 75% of sales. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin and contribution margin per unlt to 2 decimal ploces, e. 5.75.) 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 pot units eTextbook and Media Compute the margin of safety in doltars and as a ratio. Margin of safety Margin of safetyratio %

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

Keys To Reading An Annual Report

Authors: George T. Friedlob, Ralph E. Welton

4th Edition

0764139150, 978-0764139154

More Books

Students also viewed these Accounting questions

Question

2. Outline the functions of nonverbal communication

Answered: 1 week ago