Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

In the month of March, Wildhorse Salon services 620 clients at an average price of $ 130. During the month, fixed costs were $ 16,380

image text in transcribed
In the month of March, Wildhorse Salon services 620 clients at an average price of $ 130. During the month, fixed costs were $ 16,380 and variable costs were 70% of sales. (a) Your answer is correct. Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars $ 24180 Contribution margin per unit 39 Contribution margin ratio 30 e Textbook and Media Attempts: 1 of 3 used (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 with AI-Powered 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

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

978-0324300987

Students also viewed these Accounting questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago