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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) 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 %

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) 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 %

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 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) 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 %
Transcribed Image Text: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) 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 %
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