Exercise 20-2 In the month of June, Jose Hebert's Beauty Salon gave 4,300 haircuts, shampoos,...
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Accounting
Exercise 20-2 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 % LINK TO TEXT VIDEO: SIMILAR EXERCISE Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 1,225.) Break-even point Break-even point units LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the margin of safety in dollars and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Margin of safety Margin of safety ratio LINK TO TEXT VIDEO: SIMILAR EXERCISE
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