Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In the month of June, New Day Spa served 510 clients at an average price of $145. During the month, fixed costs were $24,360 and
In the month of June, New Day Spa served 510 clients at an average price of $145. During the month, fixed costs were $24,360 and variable costs were 60% of sales. (a) Your answer has been saved. See score details after the due date. Determine the contribution margin in dollars, per unit, and as a ratio. Contribution margin $ 29,580 Contribution margin $ 58 per unit Contribution margin ratio 40 % Attempts: 1 of 1 used (b) Using the contribution margin technique, calculate the break-even point in dollars and in clients. Break-even point $ Break-even point clients
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started