Question 30 In the month of April, Avante Salon gave 2,500 haircuts, shampoos, and permanents...

90.2K

Verified Solution

Question

Accounting

image

Question 30 In the month of April, Avante Salon gave 2,500 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $20,000 and variable costs were 75% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. Contribution margin (in dollars) Contribution margin (per unit) $ Contribution margin (ratio) Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even point (in dollars) Break-even point (in units) units Compute the margin of safety dollars and as a ratio Margin of safety in dollars Margin of safety ratio

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students