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In the month of June, Mandeep's Beauty Salon gave 3,300 haircuts, shampoos and permanents at an average price of $31. During the month, fixed costs
In the month of June, Mandeep's Beauty Salon gave 3,300 haircuts, shampoos and permanents at an average price of $31. During the month, fixed costs were $22,300 and variable costs were 75% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 5.27.) Contribution margin (in dollars) Contribution margin (per unit) $ Contribution margin (ratio) Using the contribution margin technique, compute the break-even point in dollars and in units. (Round break even point in units to O decimal places, e.g. 5,275.) Break-even point (in dollars) $ Break-even point (in units) Compute the margin of safety in dollars. $ Margin of safety (in dollars)
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