In June, Jose Hebert's Beauty Salon gave 4,360 haircuts, shampoos, and permanents at an average price of $36. During the month, fixed costs were $17,700 and variable costs were 72% of sales. Determine the contribution margin in dollars, per unit, and as a ratio.
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- In the month of March, Style Salon services 560 clients at an average price of $ 120. During the month, fixed costs were $ 21,024 and variable costs were 60% of sales. (a) Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars $ Contribution margin per unit $ Contribution margin ratio %During the month of September, Chase's Barbershop engaged with 590 clients at an average price of $200. During the month, fixed costs were $26,536 and variable costs were 69% of sales. (Do not use commas or dollar signs in your responses.) Contribution margin in dollars $ Contribution margin per unit $ Contribution margin ratioac
- In the month of March, Pharoah Salon services 630 clients at an average price of $100. During the month, fixed costs were $14,880 and variable costs were 68% of sales. (A) Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars $ Contribution margin per unit $ Contribution margin ratio % (B) Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even sales $ Break-even sales unitsIn the month of September, Matiock Industries sold 800 units of product. The average sales price was $30. During the month, fixed costs were $6,300 and variable costs were 70% of sales. Instructions (a) Determine the contribution margin in dollars, per unit, and as a ratio. (b) Using the contribution margir technique, compute the break-even point in dollars and in units.In September, Crane Industries sold 800 units of product. The average sales price was $40. During the month, fixed costs were $6,504 and variable costs were 70% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, e.g. 5,275. Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) $ Unit contribution margin Contribution margin ratio $
- Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units) $319,200 Variable Expenses 188,100 Contribution Margin 131,100 Fixed Expenses 106,500 Net Operating Income 24,600 Calculate how many unites would need to be sold to reach a target profit of $8,500.Brighton Electronics sold 4,200 units in December at a sales price of $50 per unit. The variable cost is $30 per unit. Calculate the total contribution margin, the contribution margin percentage, and the contribution margin per unit.West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target profit.
- Orman Company produces neon-colored covers for tablets (e.g., iPads). For last year, Orman reported the following: Last year, Orman produced 89,000 units and sold 90,500 units at 10.50 per unit. Required: 1. Prepare a statement of cost of goods manufactured. 2. Prepare an absorption-costing income statement.A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $450 and has per-unit variable costs of $200 associated with its production. The company has fixed expenses of $40,000 per month. In May, the company sold 225 of the Bomber model bikes. A. Calculate the contribution margin per unit for the Bomber. B. Calculate the contribution margin ratio of the Bomber. C. Prepare a contribution margin income statement for the month of May.Calculate the contribution margin per unit, in total, and as a ratio.
