Provide answer In June, Jose Hebert's Beauty Salon gave 4,360haircuts, shampoos, and permanents at an averageprice of $36. During the month, fixed costs were$17,700 and variable costs were 72% of sales.Determine the contribution margin in dollars, perunit, and as a ratio.

Explanation of Contribution Margin:Contribution Margin is the portion of sales revenue that remains…

Answered: In June, Jose Hebert's Beauty Salon…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...

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In the month of June, Jose Hebert’s Beauty Salon gave 3,500 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,500 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 % 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 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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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.