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Author Question: Coiffure Inc owns a chain of hair stylist shops. Management expected to serve 20,000 customers at an ... (Read 198 times)

newyorker26

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Coiffure Inc owns a chain of hair stylist shops. Management expected to serve 20,000 customers at an average fee of $125. Variable expenses were budgeted to be 60% of sales revenue, and the total fixed expense was budgeted to be $150,000. The actual results for the year showed 18,000 customers were served at an average fee of $150. The actual variable expenses percentage was 70% of sales revenue and the total fixed expenses were as budgeted.

Management has asked you to prepare a performance report for the year.


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Marked as best answer by newyorker26 on Jan 4, 2020

enass

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newyorker26

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Reply 2 on: Jan 4, 2020
YES! Correct, THANKS for helping me on my review


jackie

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Reply 3 on: Yesterday
:D TYSM

 

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