Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

In the month of June, Jose Hebert's Beauty Salon gave 4,400 haircuts, shampoos, and permanents at an average price of $40 During the month fixed

image text in transcribed

In the month of June, Jose Hebert's Beauty Salon gave 4,400 haircuts, shampoos, and permanents at an average price of $40 During the month fixed costs were $16,800 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 places, e.g. 5.25 & 10.50.) Contribution margin Contribution margin per unit Contribution margin ratio 96 LINK TO TEXT Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 1,225.) Break-even point Break-even point units LINK TO TEXT VIDEO: SIMTLAR EXERCISE Compute the margin of safety in dollars and as a ratio. (Round answers to 0 decimal places, e.g. 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 with AI-Powered 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

Students also viewed these Accounting questions

Question

How does selection differ from recruitment ?

Answered: 1 week ago