Question
In the month of June, Pharoah Heberts Beauty Salon gave 3,800 haircuts, shampoos, and hair colorings at an average price of $30. During the month,
In the month of June, Pharoah Heberts Beauty Salon gave 3,800 haircuts, shampoos, and hair colorings at an average price of $30. During the month, fixed costs were $17,100 and variable costs were 70% of sales.
(a)
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Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 5.75.)
Contribution margin | $enter a dollar amount | ||
---|---|---|---|
Unit contribution margin | $enter a dollar amount rounded to 2 decimal places | ||
Contribution margin ratio | enter percentages | % |
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