Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the month of June, Pharoah Hebert's Beauty Salon gave 3,000 haircuts, shampoos, and hair colorings at an average price of $45. During the month,

image text in transcribed
In the month of June, Pharoah Hebert's Beauty Salon gave 3,000 haircuts, shampoos, and hair colorings at an average price of $45. During the month, fixed costs were $16,200 and variable costs were 80% of sales. (a) Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit to 2 decimal places, e.8. 5.75.) Contribution margin Unit contribution margin Contribution margin 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