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In the month of June, Sunland Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and hair colorings at an average price of $50. During the month,
In the month of June, Sunland Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and hair colorings at an average price of $50.
During the month, fixed costs were $16,000 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
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