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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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