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In the month of June, Jose Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and permanets...

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Question

Accounting

In the month of June, Jose Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and permanets at an average price of $30. During the month, fixed costs were $16,800 and variable costs were 75% of sales.

Instructions

a) determine the contribution margin in dollars, per unit and as a ratio.

b) Using the contribution margin technique, compute the break-even point in dollars and in units.

c)Compute the margin of safety in dollars and as a ratio

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