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In the month of June, Jose Heberts Beauty Salon gave 4,175 haircuts, shampoos, and permanents...

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Accounting

In the month of June, Jose Heberts 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.

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 %

eTextbook and Media

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

Break-even point

$

Break-even point units

eTextbook and Media

Compute the margin of safety in dollars and as a ratio.

Margin of safety

$

Margin of safety ratio %

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