Question: PLEASE ANSWER BOTH QUESTIONS, HAVE DIFFICULTY AND NEED HELP. THANK YOU! 1. 2. Exercise 19-2 In the month of June, Jose Hebert's Beauty Salon gave
PLEASE ANSWER BOTH QUESTIONS, HAVE DIFFICULTY AND NEED HELP. THANK YOU!
1.

2.

Exercise 19-2 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 Using the contribution margin technique, compute the break even point in dollars and in units. (Round answers to o decimal places, e.g. 1,225.) Break-even point Break-even point units Compute the margin of safety in dollars and as a ratio. (Round answers to o decimal places, e.g. 1,225.) Margin of safety Margin of safety ratio
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
