In the month of March, Style Salon services 560 clients at an average price of $ 120. During the month, fixed costs were $ 21,024 and variable costs were 60% of sales. (a) Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars
In the month of March, Style Salon services 560 clients at an average price of $ 120. During the month, fixed costs were $ 21,024 and variable costs were 60% of sales. (a) Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars
Chapter3: Cost-volume-profit Analysis
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In the month of March, Style Salon services 560 clients at an average price of $ 120. During the month, fixed costs were $ 21,024 and variable costs were 60% of sales.
(a)
Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio.
Contribution margin in dollars |
$
|
||
Contribution margin per unit |
$
|
||
Contribution margin ratio |
|
% |
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