Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the month of March, Crane Salon services 630 clients at an average price of $170. During the month, fixed costs were $22,440 and variable

image text in transcribed

In the month of March, Crane Salon services 630 clients at an average price of $170. During the month, fixed costs were $22,440 and variable costs were 70% 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 % (b) Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even sales $ Break-even sales units

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

Creative And Innovative Auditing

Authors: Jeffrey Ridley

1st Edition

1472474627, 9781472474629

More Books

Students also viewed these Accounting questions