In the month of June, Jose Heberts Beauty Salon gave 3,900 haircuts, shampoos, and permanents...
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Accounting
In the month of June, Jose Heberts Beauty Salon gave 3,900 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,800 and variable costs were 75% 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 | % |
eTextbook and Media
Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 1,225.)
| Break-even point | $ | ||
| Break-even point | units |
eTextbook and Media
Compute the margin of safety in dollars and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.)
| Margin of safety | $ | ||
| Margin of safety ratio | % |
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