In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $40. Duringthe 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 marginratio to 2 decimal places, e.g. 5.25 & 10.50.)Contribution margin%$441750.00Contribution margin per unit2410.0025Contribution margin ratio 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 point24Break-even pointunitseTextbook and MediaX 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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Description: In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $40. Duringthe month, fixed costs were $16,700 and variable costs were 75% of sales.Your answer is partially correct.Determine the

The questions says : Number of Haircuts , shampoos and permanents = 4200 Average price = $ 40 Fixed…

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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

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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