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In the month of June, Sandhill Hebert's Beauty Salon gave 4 , 0 0 0 haircuts, shampoos, and hair colorings at an average price of

In the month of June, Sandhill Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and hair colorings at an average price of $50. During the month, fixed costs were $18,000 and variable costs were 80% of sales.
(a)
Your answer is correct.
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
%
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(b)
Your answer is correct.
Using the contribution margin technique, compute the break-even point in dollars and in units.
Break-even point in dollars
90000
Break-even point in units
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(c)
Compute the margin of safety in dollars and as a ratio.
Margin of safety
Margin of safety ratio
%
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