Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

In the month of June, Sheridan Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and hair colorings at an average price of $45. During the month, fixed costs were $18,000 and variable costs were 75% 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.g.5.75.)
Contribution margin
Unit contribution margin
Contribution margin ratio
$
$
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen

3rd Edition

0073048836, 9780073048833

More Books

Students also viewed these Accounting questions

Question

Outline the four basic components of drives according to Freud.

Answered: 1 week ago

Question

BPR always involves automation. Group of answer choices True False

Answered: 1 week ago