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In the month of June, Wildhorse Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and hair colorings at an average price of $30. During the month, fixed costs were $18,000 and variable costs were 75% of sales. (a) Your answer is incorrect. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 5.75.) Contribution margin $ Unit contribution margin $ Contribution margin ratio | %

In the month of June, Wildhorse Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and hair colorings at an average price of $30. During the month, fixed costs were $18,000 and variable costs were 75% of sales. (a) Your answer is incorrect. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 5.75.) Contribution margin $ Unit contribution margin $ Contribution margin ratio | %

FINANCIAL ACCOUNTING
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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In the month of June, Wildhorse Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and hair colorings at an average price of $30. During the month, fixed costs were $18,000 and variable costs were 75% of sales. (a) Your answer is incorrect. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 5.75.) Contribution margin Unit contribution margin Contribution margin ratio $ $ | %
Transcribed Image Text:In the month of June, Wildhorse Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and hair colorings at an average price of $30. During the month, fixed costs were $18,000 and variable costs were 75% of sales. (a) Your answer is incorrect. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 5.75.) Contribution margin Unit contribution margin Contribution margin ratio $ $ | %
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