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In the month of April, Avante Salon gave 3,100 haircuts, shampoos, and permanents at an average...

In the month of April, Avante Salon gave 3,100 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $20,900 and variable costs were 75% of sales.

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(a) Determine the contribution margin in dollars, per unit, and as a ratio.

(b) Using the contribution margin technique, compute the break-even point in dollars and in units.

(c) What sales are necessary to earn an income of $50,000?

(d) Compute the margin of safety dollars and as a ratio.

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