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Exercise 18-10 Partially correct answer Your answer is partially correct Try again In the month of March Style Salon services 560 clients at an average price of $120 During the month fixed

Exercise 18-10

Partially correct answer. Your answer is partially correct. Try again.
   
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 contribution margin in dollars, per unit, and as a ratio.
Contribution margin  

26880$Entry field with correct answer

 
Contribution margin per unit  

$48

 
Contribution margin ratio  

Entry field with correct answer40

%

(b) Using the contribution margin technique, compute the break-even point in dollars and in units.
Break-even sales  

$Entry field with incorrect answer

 
Break-even sales  

Entry field with incorrect answer

units
 

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Jun 24 2020 View more View Less

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