Question
In the month of March, Style Salon services 580 clients at an average price of $190. During the month, fixed costs were $24,966 and variable
In the month of March, Style Salon services 580 clients at an average price of $190. During the month, fixed costs were $24,966 and variable costs were 70% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Contribution margin $ Contribution margin per unit $ Contribution margin ratio % Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 1,225.) Break-even sales $ Break-even sales units
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started