Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

only the ones in blank please and thank you Exercise 6-2 (Video) (Part Level Submission) In the month of June, Jose Hebert's Beauty Salon gave

only the ones in blank please and thank you image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Exercise 6-2 (Video) (Part Level Submission) In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $16,800 and variable costs were 75% of sales. Your answer is correct. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin and contribution margin per unit to 2 decimal places, e.g. 5.75.) Contribution margin L Contribution margin per unit 10 Contribution margin ratio 25 Click if you would like to show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR EXERCISE Attempts: 1 of 3 used Your answer is correct. Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even point 67,200 Break-even point 1680 units Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR EXERCISE Attempts: 1 of 3 used (c) x Your answer is incorrect. Try again. Compute the margin of safety in dollars and as a ratio. Margin of safety Margin of safety ratio Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE Attempts: 2 of 3 used SAVE FOR LATER SUBMIT ANSWER Exercise 6-7 (Video) (Part Level Submission) PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change-related services represent 70% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 30% of its sales and provides a 30% contribution margin ratio. The company's fixed costs are $15,699,800 (that is, $78,499 per service outlet). (a) Your answer is correct. Calculate the dollar amount of each type of service that the company must provide in order to break even. (Use Weighted- Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to o decimal places, e.g. 2,510.) Oil changes 47782000 Brake repair 20478000 e Click if you would like to show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER VIDEO: SIMILAR EXERCISE LINK TO TEXT Attempts: 1 of 3 used LINK TO TEXT VIDEO: SIMILAR EXERCISE Attempts: 1 of 3 used (b) The company has a desired net income of $52,003 per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet? (Use Weighted Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to o decimal places, e.g. 2,510.) oil changes Brake repairs Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE SUBMIT ANSWER Attempts: 0 of 3 used SAVE FOR LATER

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_2

Step: 3

blur-text-image_3

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

ISE Managerial Accounting For Managers

Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison

5th Edition

1260570010, 9781260570014

More Books

Students also viewed these Accounting questions

Question

Compare the advantages and disadvantages of external recruitment.

Answered: 1 week ago

Question

Describe the typical steps in the selection process.

Answered: 1 week ago