Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the month of March, Blossom Salon services 6 2 0 clients at an average price of $ 1 2 0 . During the month,

In the month of March, Blossom Salon services 620 clients at an average price of $120. During the month, fixed costs were $18,564 and variable costs were 65% of sales.
(a)
Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio.
Contribution margin in dollars $
Contribution margin per unit $
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

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

Recommended Textbook for

Accounting For Investments Fixed Income Securities And Interest Rate Derivatives Volume 2

Authors: R. Venkata Subramani

1st Edition

047082591X, 978-0470825914

More Books

Students also viewed these Accounting questions

Question

Be able to compute the profitvolume (PV) ratio. LO.1

Answered: 1 week ago

Question

7. What are the main provisions of the FMLA?pg 87

Answered: 1 week ago

Question

7. What are the main provisions of the FMLA?

Answered: 1 week ago