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Determine the contribution margin in dollars

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Reference no: EM132438230

Problem: 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.

Instructions

Question 1: Determine the contribution margin in dollars, per unit, and as a ratio.

Question 2: Using the contribution margin technique, compute the break-even point in dollars and in units.

Reference no: EM132438230

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