Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the month of March, Pharoah Salon serviced 590 clients at an average price of $200. During the month, fixed costs were $26,536 and variable

In the month of March, Pharoah Salon serviced 590 clients at an average price of $200. During the month, fixed costs were $26,536 and variable costs were 69% of sales. (a) Your Answer Correct Answer Determine the total contribution margin in dollars, the unit contribution margin, and the contribution margin ratio. Contribution margin in dollars Contribution margin per unit Contribution margin ratio LA $ 36580 62 %
image text in transcribed
In the month of March, Pharoah Salon serviced 590 clients at an average price of $200. During the month, fixed costs were $26,536 and variable costs were 69% of sales. (a) Determine the total contribution margin in dollars, the unit contribution margin, and the contribution margin ratio. Contribution margin in dollars: Contributionmargin per unit Contribution margin ratio

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 Information Systems

Authors: Ulric Gelinas, Richard Dull, Patrick Wheeler

10th Edition

113393594X, 9781133935940

More Books

Students also viewed these Accounting questions

Question

It would have become a big deal.

Answered: 1 week ago