In the month of March, Style Salon services 570 clients at an average price of $...

In the month of March, Style Salon services 570 clients at an average price of $ 190 . During the month, fixed costs were $ 33,288 and variable costs were 60 % of sales. Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.)

Contribution margin $enter a dollar amount rounded to 0 decimal places/

Contribution margin per unit $enter a dollar amount rounded to 0 decimal places

Contribution margin ratio enter a percentage number rounded to 0 decimal places % eTextbook and Media

Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 1,225.)

Break-even sales $enter the break-even point in dollars rounded to 0 decimal places

Break-even sales enter the break-even point in units rounded to 0 decimal places units

Expert Solution

ekkarill92 answered 10 hours ago

In the month of March, Style Salon services 630 clients at an average price of $170....

In the month of March, Style Salon services 630 clients at an average price of $170. During the month, fixed costs were $22,338 and variable costs were 70% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Contribution margin $ Contribution margin per unit $ Contribution margin ratio % Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0...

Assume that Ali Services company bills its clients for jobs completed during the month. On October...

Assume that Ali Services company bills its clients for jobs completed during the month. On October 31, 2004, Ali Services company billed its clients $450,000 for products sold during October. During November, Ali Services company collected 20 percent of its sales billed on October 31. the cost price this products was $200,000 which is paid 80 percent in cash. What would be recorded by Ali Services company under the cash basis?

In the Month of March, Baldwin Corporation received orders of 165 units at a price of...

In the Month of March, Baldwin Corporation received orders of 165 units at a price of $15.00 for their product Buzz. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 110 units in March and the balance of 55 units in April. They received payment for 55 units in March, 55 units in April, and 55 units in May. How much revenue is recognized on the March income statement from this order? How much...

In the Month of March, Digby Corporation received orders of 175 units at a price of...

In the Month of March, Digby Corporation received orders of 175 units at a price of $15.00 for their product Dim. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 116 units in March and the balance of 58 units in April. They received payment for 58 units in March, 58 units in April, and 58 units in May. How much revenue is recognized on the March income statement from this order? How much...

In the Month of March, Chester received orders of 108 units at a price of $15.00...

In the Month of March, Chester received orders of 108 units at a price of $15.00 for their product Creak. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 108 units in April. They received payment for 54 units in March, and 54 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)...

In the Month of March, Digby Corporation received orders of 180 units at a price of...

In the Month of March, Digby Corporation received orders of 180 units at a price of $15.00 for their product Dome. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 120 units in March and the balance of 60 units in April. They received payment for 60 units in March, 60 units in April, and 60 units in May. How much revenue is recognized on the March income statement from this order? How much...

Profitability Analysis Assume Strands Salon, a San Diego hair salon, provides cuts, perms, and hairstyling services....

Profitability Analysis Assume Strands Salon, a San Diego hair salon, provides cuts, perms, and hairstyling services. Annual fixed costs are $225,000, and variable costs are 45 percent of sales revenue. Last year's revenues totaled $450,000. (a) Determine its break-even point in sales dollars. $Answer (b) Determine last year's margin of safety in sales dollars. $Answer (c) Determine the sales dollar volume required for an annual pretax profit of $200,000. Round your answer to the nearest dollar. $Answer

Cat leased $32,000 of conveyers to Dog for 60 months for $570 per month. The conveyers...

Cat leased $32,000 of conveyers to Dog for 60 months for $570 per month. The conveyers have a 10 year life. The implicit rate is six percent, Dog’s incremental borrowing rate. Record the journal entries for the initiation of the lease and the first two monthly payments for both Cat and Dog.

. The trial balance for Benner Hair Salon on March 31 is as follows: I NEED...

. The trial balance for Benner Hair Salon on March 31 is as follows: I NEED HELP WITH THE OWNERS EQUITY AND BALANCE SHEET Benner Hair Salon ADJUSTED TRIAL BALANCE March 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 4,440.00 2 Supplies 150.00 3 Prepaid Insurance 2,354.00 4 Equipment 10,507.00 5 Accumulated Depreciation, Equipment 1,000.00 6 Accounts Payable 240.00 7 A. Benner, Capital 13,449.00 8 A. Benner, Drawing 1,500.00 9 Salon Fees 6,230.00 10 Wages Expense 1,036.00 11 Rent Expense...

Lawyers frequently supply their services at different prices for different clients based on the clients’ ability...

Lawyers frequently supply their services at different prices for different clients based on the clients’ ability to pay. How does this differential pricing impact exchange efficiency? Be specific.

Question