n the month of March, Monty Salon services 640 clients at an average price of $120....
n the month of March, Monty Salon services 640 clients at an average price of $120. During the month, fixed costs were $22,140 and variable costs were 55% of sales.
Contribution margin $
Contribution margin per unit $
Contribution margin ratio enter percentages %
Homework Answers
| Calculation of contribution Margin | ||||
| Service Revenue [640 clients x $120] | $76,800.00 | |||
| Less : Variable cost [55% of sales] | $42,240.00 | |||
| Contribution Margin | $34,560.00 | |||
| Calculation of contribution Margin per unit | ||||
| Contribution Margin per unit = Total contribution Margin / Total clients served | ||||
| Contribution Margin per unit = $34,560 / 640 clients | ||||
| Contribution Margin per unit = $54 | ||||
| Calculation of contribution Margin ratio | ||||
| Contribution Margin ratio = Contribution Margin / Total service revenue | ||||
| Contribution Margin ratio = $34,560 / $76,800 | ||||
| Contribution Margin ratio = 45% | ||||
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n the month of March, Monty Salon services 640 clients at an
average price of $120....
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Determine the contribution margin in dollars, per unit, and as
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Contribution margin
$
Contribution margin per unit
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Using the contribution margin technique, compute the break-even
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In the month of March, Style Salon services 550 clients at an
average price of $180. During the month, fixed costs were $25,866
and variable costs were 70% of sales.
(a) Determine the contribution margin in dollars,
per unit, and as a ratio.
Contribution margin
$
Contribution margin per unit
$
Contribution margin ratio
%
(b) Using the contribution margin technique,
compute the break-even point in dollars and in units.
Break-even sales
$
Break-even sales
units
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Determine the contribution margin in dollars, per unit, and as
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Contribution margin
$
Contribution margin per unit
$
Contribution margin ratio
%
Using the contribution margin technique, compute the break-even
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