Question

In the month of March, Sandhill Salon serviced 630 clients at an average price of $180. During the month, fixed costs were $40,500 and variable costs were 55% of sales. (a) Determine the total contribution margin in dollars, the unit contribution margin, and the contribution margin ratio. Contribution margin in dollars $ Contribution margin per unit $ Contribution margin ratio %

          In the month of March, Sandhill Salon serviced 630 clients at an average price of $180. During the month, fixed costs were
$40,500 and variable costs were 55% of sales.
(a)
Determine the total contribution margin in dollars, the unit contribution margin, and the contribution margin ratio.
Contribution margin in dollars
$
Contribution margin per unit
$
Contribution margin ratio
%

In the month of March, Sandhill Salon serviced 630 clients at an average price of 180. During the month, fixed costs were40,500 and variable costs were 55% of sales.
(a)
Determine the total contribution margin in dollars, the unit contribution margin, and the contribution margin ratio.
Contribution margin in dollars
Contribution margin per unit
Contribution margin ratio
%

Added by Tiffany M.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

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In the month of March, Sandhill Salon serviced 630 clients at an average price of $180. During the month, fixed costs were $40,500 and variable costs were 55% of sales. (a) Determine the total contribution margin in dollars, the unit contribution margin, and the contribution margin ratio. Contribution margin in dollars: Contribution margin per unit: Contribution margin ratio: