Computing the contribution margin in dollars

Assignment Help Accounting Basics
Reference no: EM13150101

In the month of June, Paula's Beauty Salon gave 3,500 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,800 and variable costs were 80% of sales.

Instructions

a) Determine the contribution margin in dollars, per unit and as a ratio.

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

c) Compute the margin of safety in dollars and as a ratio.

Reference no: EM13150101

Journalising-posting and preparing trial balance

Shelton Engineering completed the following transactions in the month of June. Prepare a trial balance as of the end of this month's operations

Journal entries for jane geddes engineering

Prepare the 2009 journal entries for all of the following transactions and adjustments. Show full computations. You can ignore dates if not given. Round all amounts to neare

Chi-square goodness of fit test

Four different brands of a pain medication used for chronic back ailments were tested to see if the number of side effects for each brand were the same. The table below lis

Create a cost-benefit analysis spreadsheet

Accounting Information Systems Excel Spreadsheet Assignment. Create a cost-benefit analysis spreadsheet for both in-house and outsourced development: Create s spreadsheet, fo

Short-term investment basics

During 2010, Barney Company purchased marketable equity securities as a short-term investment and classified them as trading securities. The cost and market value at Decembe

Relationship between tax base and tax rate

What is the relationship between tax base and tax rate in determining the revenue collected by the government? Give an example of how a particular tax would fit into the var

How much time does it take-on average-from a moment

A university offers a walking escort service to increase security around campus. The system consists of specially trained uniformed professional security officers that accom

Computing the variable cost per unit

Compute the variable cost per unit. Compute how many CDs Spears Music will have to sell in order to break even. Compute how many CDs Spears Music will have to sell in order to

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd