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In the month of March, Crane Salon services 610 clients at an average price of $140. During the month, fixed costs were $20,335 and variable
In the month of March, Crane Salon services 610 clients at an average price of $140. During the month, fixed costs were $20,335 and variable costs were 65% of sales. Your answer is correct. Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars 29,890 Contribution margin per unit 49 Contribution margin ratio 35 SHOW SOLUTION LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even sales 581 Break-even sales 415 units In 2019, Crane Company had a break-even point of $319,000 based on a selling price of $4 per unit and fixed costs of $127,600. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $453,000. Your answer is partially correct. Try again. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0 decimal places, e.g. 20.) Variable costs per unit 2.40 X Contribution margin ratio 4 % SHOW SOLUTION LINK TO TEXT LINK TO TEXT * Your answer is incorrect. Try again. Compute the increase in fixed costs for 2020. X Increase in fixed cost 127,600 $
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