ZuoTi.Pro
Question

Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Cont


In the month of March, Style Salon services 610 dients at an average price of $ 140 Duning the month, fixed costs were $ 21,4
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
1)
a. Contribution margin $       29,890
Working;
Contribution margin = Units * (Selling price per unit - Variable cost per unit)
= 610 * (140-(140*65%))
= 610 * $    49.00
= $       29,890
b. Contribution margin per unit $               49
Working:
Contribution margin per unit = Sales per unit - variable cost per unit
= 140-(140*65%)
= $               49
c. Contribution margin ratio 35%
Working;
Contribution margin ratio = (1-Variable cost percentage)
= 1-0.65
= 35%
2) a. Break even sales $       61,320
Working;
Break even sales = Fixed Cost / Contribution margin ratio
= $       21,462 / 35%
= $       61,320
b. Break even sales                 438 Units
Working;
Break even sales = Fixed Cost / Contribution margin per unit
= $       21,462 / $          49
=                 438
0 0
Add a comment
Know the answer?
Add Answer to:
Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0...
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. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • In the month of March, Style Salon services 570 clients at an average price of $170....

    In the month of March, Style Salon services 570 clients at an average price of $170. During the month, fixed costs were $29,784 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 % Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0...

  • Question 1 In the month of March, Style Salon services 590 clients at an average price...

    Question 1 In the month of March, Style Salon services 590 clients at an average price of $120. During the month, fixed costs were $20,148 and variable costs were 62% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to O decimal places, e.g. 1,225.) Contribution margin Contribution margin per unit Contribution margin ratio s LINK TO TEXT LINK TO TEXT Using the contribution margin technique, compute the break-even point in dollars and...

  • with explanations please Exercise 18-10 100 . During the month, fixed costs were $14,016 and variable...

    with explanations please Exercise 18-10 100 . During the month, fixed costs were $14,016 and variable costs In the month of March, Style Salon services 630 clients at an average price of were 68 % 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 VIDEO: APPLIED SKILLS Using the contribution margin technique, compute the...

  • In the month of June, Jose Hebert’s Beauty Salon gave 3,900 haircuts, shampoos, and permanents at...

    In the month of June, Jose Hebert’s Beauty Salon gave 3,900 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. 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 Using...

  • In the month of June, Jose Hebert's Beauty Salon gave 3,900 haircuts, shampoos, and permanents at...

    In the month of June, Jose Hebert's Beauty Salon gave 3,900 haircuts, shampoos, and permanents at an average price of $ 30. During the month, fixed costs were $ 16,600 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, eg. 5.25& 10.50.) Contribution margin Contribution margin perunit$ Contribution margin ratio eTextbook and Media Using the contribution margin...

  • Exercise 20-2 In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, shampoos, and...

    Exercise 20-2 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 $ 16,700 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...

  • 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 $ 16,500 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...

  • 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 $ 30 . During the month, fixed costs were $ 16,600 and variable costs were 75% of sale Determine the contribution margin in dollars, per unit and as a raio. (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 Using the contribution margin technique,...

  • Exercise 19-2 In the month of June, Jose Hebert's Beauty Salon gave 3,800 haircuts, shampoos, and...

    Exercise 19-2 In the month of June, Jose Hebert's Beauty Salon gave 3,800 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,900 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...

  • the whole problem wouldnt fit in frame so i posted 2 pictures please help! Kimmel, Accounting,...

    the whole problem wouldnt fit in frame so i posted 2 pictures please help! Kimmel, Accounting, 6e Assignment Gradebook ORION Downloadable Textbook Exercise 19-2 In the month of June, Jose Hebert's Beauty Salon gave 3.000 haircuts, shampoos, and permanents at an average price of $30. During the month, fed costs were $16,900 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...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT