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
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc27a4c14-c66b-4e6c-b993-03218802bde7%2F1856c43a-dcdb-4c74-b4b9-fa1c599f0da3%2Fanpfcyf_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc27a4c14-c66b-4e6c-b993-03218802bde7%2F1856c43a-dcdb-4c74-b4b9-fa1c599f0da3%2Flkqm2zc_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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