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In June, Sheridan Salon gave 3,900 haircuts, shampoos, and permanents at an average price of $40. During the month fixed costs were $38,040 and variable costs were 70% of sales, Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, e.g. 5.25 & 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, c.9. 1,225.) Break-even point Break-even point $ units Compute the margin of safety in dollars and as a ratio. (Round answers to o decimal places, e.g. 1,225.) Margin of safety Margin of safety ratio % Sheridan Manufacturing earned net income of $107,000 during 2021. The company wants to earn net income of $47,000 more during 2022. The company's fixed costs are expected to be $154,000, and variable costs are expected to be 30% of sales (a) Your answer is correct. Determine the required sales to meet the target net income during 2022 Required sales $ 440000 eTextbook and Media Attempts: 1 of 3 used (b) Fill in the dollar amounts for the summary income statement for 2022 below, based on your answer to part (a). Sales revenue $ Variable costs Contribution margin Fixed costs Net income/(Loss) $

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