Question
In the month of June, Jose Hebert's Beauty Salon gave4,175haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were
In the month of June, Jose Hebert's Beauty Salon gave4,175haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $16,700and 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 unit to 2 decimal places, e.g. 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 point __________ units
Compute the margin of safety in dollars and as a ratio.
Margin of safety $_____________
Margin of safey __________ %
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