Answered step by step
Verified Expert Solution
Question
1 Approved Answer
s/23535/assignments/2876348 w. Fir... View Policies Show Attempt History Current Attempt in Progress In the month of June, Jose Hebert's Beauty Salon gave 4,125 haircuts, shampoos,
s/23535/assignments/2876348 w. Fir... View Policies Show Attempt History Current Attempt in Progress In the month of June, Jose Hebert's Beauty Salon gave 4,125 haircuts, shampoos, and permanents at an average price of $25. During the month, fixed costs were $16,500 and variable costs were 75% of sales. (a) Your Answer Correct Answer Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin and contribution margin per unit to 2 decimal ploces, e.g 5.75.) Contribution margin $ 25,781.25 Contribution margin per unit $ 6.25 Contribution margin ratio 25 % (b) Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even point $ 00099 Break-even point e Textbook and Media Attem Compute the margin of safety in dollars and as a ratio. Margin of safety $ Margin of safety ratio % eTextbook and Media
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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