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 24 10.00 25 Contribution margin ratio
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 24 10.00 25 Contribution margin ratio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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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
%$4
41750.00
Contribution margin per unit
24
10.00
25
Contribution margin ratio

Transcribed Image Text:Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places,
eg. 1,225.)
Break-even point
24
Break-even point
units
eTextbook and Media
X Your answer is incorrect.
Compute the margin of safety in dollars and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.)
Margin of cafot
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