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