In the month of June, Jose Hebert’s Beauty Salon gave 3,580 haircuts, shampoos, and permanents at an average price of $36. During the month, fixed costs were $16,870 and variable costs were 75% of sales.
(a)
Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, e.g. $5.25 & 10.50%.)
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