Solved: During the month fixed costs were 16800 and variable costs, Accounting Basics

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During the month fixed costs were 16800 and variable costs

Question - In the month of June, Jose Hebert'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.

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.

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Accounting Basics: During the month fixed costs were 16800 and variable costs

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Accounting Basics: During the month fixed costs were 16800 and variable costs

Reference No:- TGS02763489

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