Homework Answers
| (a) | |||
|
Contribution Margin per unit = Sale Price per unit (-) Variable Cost per unit = $ 10 (-) $ 1.89 = $ 8.11 |
|||
| Contribution Margin = $ 8.11 per unit | |||
| (b) | |||
|
Contribution Margin Ratio = Contribution Margin per unit / Sale Price per unit x 100 = $ 8.11 / $ 10 x 100 = 81.1% |
|||
| Contribution Margin ratio = $ 81.1% | |||
| (c ) | |||
| Contribution Format Income Statement | per Unit | ||
|
Sales Revenue (5,400 x $ 10 ) |
$ 54,000 | $ 10 | |
| Less: Variable Expenses | |||
|
Towel, Water, Shake (5,400 x $ 1.89 ) |
($ 10,206) | ($ 1.89) | |
| Contribution Margin | $ 43,794 | $ 8.11 | |
| Less: Fixed Expenses | |||
|
- Instructor salary expense ( 4 x $ 2,400 ) |
($ 9,600) | ||
| - Management salary expense | ($ 6,900 ) | ||
| - Rent expense | ($ 2,900) | ||
| - Depreciation | ($ 1,950) | ||
| - Utilities and Insurance Expenses | ( $ 1,750) | ||
| Total Fixed Expenses | ($ 23,100) | ||
| Operating Income | $ 20,694 |
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