The Crazy Hair Salon provides special occasion haircuts and generates average revenue of $50 per customer. The salon's fixed costs are $45,700 per year, which include rent, utilities and magazine subscriptions. Its variable costs are $15 per customer. Target operating income for the year is $88,200. Do not enter dollar signs or commas in the input boxes. a) Calculate the revenues needed to obtain the target operating income. Round the Contribution Margin ratio to 2 decimal places. Round all other answers to the nearest whole number. CM ratio: Required CM: $ Revenue: $ b) How many haircuts have to be provided to earn an operating income of $68,700? To break-even? Round to the nearest whole unit. BEP: Haircuts to yield $68,700: c) Calculate the operating income if 3,900 haircuts are provided. Round to the nearest whole number. Operating Income: $ X Contact us! Si Amigo Entertainment offers theater packages at $36 per unit. The package includes snacks, beverages and a ticket. The costs incurred by the program are as follows: Variable Costs $28 per package Fixed Expenses $20,000 Do not enter dollar signs or commas in the input boxes. a) Calculate the contribution margin per package. Round your answer to 2 decimal places Contribution margin per package: $ b) Determine the break-even point in units (packages) Round your answer to the nearest whole number. Break-even point: c) If the theater can accommodate only 370 individuals, how much should Si Amigo Entertainment charge per package to break- even? Assume that variable and fixed costs remain the same. Round your answer to 2 decimal places Selling Price: $ d) Using the information from part (c), how much should Si Amigo charge per package if they want to have an operating income of $1,400? Round your answer to 2 decimal places Selling Price: $ Check Take me to the text In the following chart, fill in the missing cells for each of the following independent scenarios. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number, except for the CM Ratio. Round the CM Ratio to 2 decimal places. Scenario Revenue Variable Costs Fixed Costs Total Costs Operating Income CM Ratio Contribution Margin $ 1 $620 $430 $430 $190 $ % $ $ 2 $2,200 $1,600 $ 62.74% $ $ $ 3 $790 $1,080 $950 $ % $ 4 $730 $620 $50 $670 % Check The Crazy Hair Salon provides special occasion haircuts and generates average revenue of $50 per customer. The salon's fixed costs are $45,700 per year, which include rent, utilities and magazine subscriptions. Its variable costs are $15 per customer. Target operating income for the year is $88,200. Do not enter dollar signs or commas in the input boxes. a) Calculate the revenues needed to obtain the target operating income. Round the Contribution Margin ratio to 2 decimal places. Round all other answers to the nearest whole number. CM ratio: Required CM: $ Revenue: $ b) How many haircuts have to be provided to earn an operating income of $68,700? To break-even? Round to the nearest whole unit. BEP: Haircuts to yield $68,700: c) Calculate the operating income if 3,900 haircuts are provided. Round to the nearest whole number. Operating Income: $ X Contact us! Si Amigo Entertainment offers theater packages at $36 per unit. The package includes snacks, beverages and a ticket. The costs incurred by the program are as follows: Variable Costs $28 per package Fixed Expenses $20,000 Do not enter dollar signs or commas in the input boxes. a) Calculate the contribution margin per package. Round your answer to 2 decimal places Contribution margin per package: $ b) Determine the break-even point in units (packages) Round your answer to the nearest whole number. Break-even point: c) If the theater can accommodate only 370 individuals, how much should Si Amigo Entertainment charge per package to break- even? Assume that variable and fixed costs remain the same. Round your answer to 2 decimal places Selling Price: $ d) Using the information from part (c), how much should Si Amigo charge per package if they want to have an operating income of $1,400? Round your answer to 2 decimal places Selling Price: $ Check Take me to the text In the following chart, fill in the missing cells for each of the following independent scenarios. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number, except for the CM Ratio. Round the CM Ratio to 2 decimal places. Scenario Revenue Variable Costs Fixed Costs Total Costs Operating Income CM Ratio Contribution Margin $ 1 $620 $430 $430 $190 $ % $ $ 2 $2,200 $1,600 $ 62.74% $ $ $ 3 $790 $1,080 $950 $ % $ 4 $730 $620 $50 $670 % Check
