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 24 41750.00 Contribution margin per unit %$. 10.00 25 Contribution margin ratio

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 24 41750.00 Contribution margin per unit %$. 10.00 25 Contribution margin ratio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $40. During
the month, fixed costs were $16,700 and variable costs were 75% of sales.
Your answer is partially correct.
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
%24
41750.00
Contribution margin per unit
2.
10.00
25
Contribution margin ratio

Compute the margin of safety in dollars and as a ratio. (Round answers to O decimal places, eg. 1,225.)
Margin of safety
24
Margin of safety ratio

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E15.24) Economic order quantity For each of the following independent cases, use the EOQ equation to calculate the economic order quantity: Case A Case B Case C Annual requirement (in units) 13230 1681 560 Incremental cost per order $250 $40 $10 Annual carrying cost per unit $6 $20
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Q. 2 (b1)
Change in operating income = change in sales dollars x contribution margin What is the equation for the "change in sales dollars"?
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Exercise 18 -8 (Static) Computing missing amounts in contribution margin income statements LO A1 Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) \table[[Number of units sold, Company A, Company B], [,,,, 1,975, ], [,, otal,,unit, Total, Per unit], [Sales, $, 208, 000, $, 65.00,, ], [Variable costs,, 150, 400,,, 39, 500, ], [Contribution margin,,,,, 43, 450, ], [Fixed costs,,,,,19, 750, ], [ Income, $, 46, 400,,,,]]
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