Question

In the month of June, Jose Hebert’s Beauty Salon gave 3,375 haircuts, shampoos, and permanents at...

In the month of June, Jose Hebert’s Beauty Salon gave 3,375 haircuts, shampoos, and permanents at an average price of $25. During the month, fixed costs were $16,875 and variable costs were 75% of sales.

Determine the contribution margin in dollars, per unit and as a ratio. Using the contribution margin technique, compute the break-even point in dollars and in units. Compute the margin of safety in dollars and as a ratio.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
In the month of June, Jose Hebert’s Beauty Salon gave 4,175 haircuts, shampoos, and permanents at...
In the month of June, Jose Hebert’s Beauty Salon gave 4,175 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $16,700 and variable costs were 75% of sales. (a) Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin and contribution margin per unit to 2 decimal places, e.g. 5.75.) Contribution margin $ 41,750 Contribution margin per unit $ 10 Contribution margin ratio 25 % (b) Using the...
In the month of June, Jose Hebert’s Beauty Salon gave 4,300 haircuts, shampoos, and permanents at...
In the month of June, Jose Hebert’s Beauty Salon gave 4,300 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $16,500 and variable costs were 75% of sales. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, e.g. 5.25 & 10.50.) Contribution margin $ Contribution margin per unit $ Contribution margin ratio % eTextbook and Media   ...
n the month of June, Jose Hebert’s Beauty Salon gave 4,125 haircuts, shampoos, and permanents at...
n the month of June, Jose Hebert’s Beauty Salon gave 4,125 haircuts, shampoos, and permanents at an average price of $25. During the month, fixed costs were $16,500 and variable costs were 75% of sales. (a) Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin and contribution margin per unit to 2 decimal places, e.g. 5.75.) Contribution margin $ Contribution margin per unit $ Contribution margin ratio
Exercise 6-2 (Video) In the month of June, Jose Hebert’s Beauty Salon gave 4,200 haircuts, shampoos,...
Exercise 6-2 (Video) In the month of June, Jose Hebert’s Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $16,800 and variable costs were 75% of sales. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin and contribution margin per unit to 2 decimal places, e.g. 5.75.) Contribution margin $ Contribution margin per unit $ Contribution margin ratio % LINK TO TEXT Using...
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. Show and label all calculations Instructions (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...
Exercise 20-2 In the month of June, Jose Hebert’s Beauty Salon gave 3,500 haircuts, shampoos, and...
Exercise 20-2 In the month of June, Jose Hebert’s Beauty Salon gave 3,500 haircuts, shampoos, and permanents at an average price of $ 40 . During the month, fixed costs were $ 16,800 and variable costs were 75% of sales. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, e.g. 5.25 & 10.50.) Contribution margin $ Contribution margin per unit $ Contribution margin ratio...
In the month of March, Style Salon services 560 clients at an average price of $120....
In the month of March, Style Salon services 560 clients at an average price of $120. During the month, fixed costs were $21,024 and variable costs were 60% of sales. Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars $enter your answer in dollars Contribution margin per unit $enter your answer in dollars Contribution margin ratio enter your answer in percentages % eTextbook and Media       Using...
Exercise 22-7 In the month of March, Style Salon services 560 clients at an average price...
Exercise 22-7 In the month of March, Style Salon services 560 clients at an average price of $120. During the month, fixed costs were $21,024 and variable costs were 60% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Contribution margin $ Contribution margin per unit $ Contribution margin ratio % LINK TO TEXT LINK TO TEXT Using the contribution margin technique, compute the break-even point in...
In the month of March, Style Salon services 630 clients at an average price of $120....
In the month of March, Style Salon services 630 clients at an average price of $120. During the month, fixed costs were $26,280 and variable costs were 50% of sales Determine the contribution margin in dollars, per unit, and as a ratio. Contribution Margin Contribution Margin per unit contribution margin ratio Break even sales Break even sales in unit
In the month of September, Matlock Industries sold 800 units of product. The average sales price...
In the month of September, Matlock Industries sold 800 units of product. The average sales price was $30. During the month, fixed costs were $6,300 and variable costs were 70% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. Contribution margin (in dollars) $ Unit contribution margin $ Contribution margin ratio %       Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even sales (in dollars) $ Break-even sales...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT