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In the month of June, Wildhorse Hebert's Beauty Salon gave 4,500 haircuts, shampoos,...

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Accounting

In the month of June, Wildhorse Hebert's Beauty Salon gave 4,500 haircuts, shampoos, and hair colorings at an average price of $30. During the month, fixed costs were $16,200 and variable costs were 75% of sales.
(a)
Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g.5.75.)
Contribution margin
$
Unit contribution margin $
Contribution margin ratio
%
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