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(Solution Download) Exercise 18-10 Your answer is partially correct. Try again. In the month of March, Style Salon servi


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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