Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help In the month of June, Crane Hebert's Beauty Salon gave 3,200 haircuts, shampoos, and hair colorings at an average price of $45. During

image text in transcribedimage text in transcribedPlease help

In the month of June, Crane Hebert's Beauty Salon gave 3,200 haircuts, shampoos, and hair colorings at an average price of $45. During the month, fixed costs were $18,000 and variable costs were 75% of sales. (a) Your answer is correct. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 5.75.) Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even point in dollars \$ Break-even point in 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

Essentials Of Xbrl Financial Reporting In The 21st Century

Authors: Bryan Bergeron

1st Edition

0471220779, 978-0471220770

More Books

Students also viewed these Accounting questions

Question

Guidelines for Informative Speeches?

Answered: 1 week ago