In the month of March, Blossom Salon services 620 clients at an average price of $120. During the month, fixed costs were $18,564 and variable costs were 65% of sales. (a) Your answer is correct. Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars Contribution margin per unit Contribution margin ratio $ 26040 42 35 %

In the month of March, Blossom Salon services 620 clients at an average price of $120. During the month, fixed costs were $18,564 and variable costs were 65% of sales. (a) Your answer is correct. Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars Contribution margin per unit Contribution margin ratio $ 26040 42 35 %

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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