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 | %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vikrambhai
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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