Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

wyphom/huge//maruni Downloadable et Assignment NOTE 63 min Question 23 In the month of June, Jose Hebert's Beauty Salon gave 3,900 haircuts, shampoos, and permanents at

image text in transcribed
wyphom/huge//maruni Downloadable et Assignment NOTE 63 min Question 23 In the month of June, Jose Hebert's Beauty Salon gave 3,900 haircuts, shampoos, and permanents at an average price of $10. During the month, fred costs were $16,500 variable costs were 75% of sales Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin peront and contribution martie 2 dec. 4 10.50) Contribution margin Contribution margin per unit $ Contribution margin ratio Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to decimal places 1.225) Break-even point Break-even point Compute the margin of safety in dollars and as a ratio. (Round answers to decimal plan g 1.225) Margin of safety $ Margin of safety ratio Pokal 2000-250 A Rights Reserved. A Dion of ING SSAM 11/25/20 O RI ere to search

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

Managerial Accounting

Authors: John Wild, Ken Shaw

5th edition

978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600

More Books

Students also viewed these Accounting questions