question archive In the month of June, Jose Herbert's Beauty Salon gave 4,000 haircuts, shampoos, and permanents at an average price of $30
In the month of June, Jose Herbert's Beauty Salon gave 4,000 haircuts, shampoos, and permanents at an average price of $30
Subject:AccountingPrice: Bought3
In the month of June, Jose Herbert's Beauty Salon gave 4,000 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,800 and variable costs were 75% of sales.
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) Compute the margin of safety in dollars and as a ratio.
