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Author Question: Jenny's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local ... (Read 5 times)

nanna

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on: Feb 5, 2023

Question 1

Mounce's Market operates with a 20% contribution margin. If Mounce's sales decrease by $10,000, operating income will decrease by
◦ $200.
◦ $2,500.
◦ $2,000.
◦ $250.

Question 2

Jenny's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local mall, Jenny's offers 15-minute haircuts for harried shoppers who do not have time for lengthy appointments. To ensure that the clients are in and out quickly, she schedules her 5 employees based on expected client traffic. Each of the employees is paid $1,200 per month, with part of their pay coming from client tips. Jenny pays rent and overhead costs of $2,000 per month on the facility. Because of the quick nature of the service, Jenny doesn't have time to clean combs in between clients, so she uses a new comb for each customer, at a cost of $0.55 each. She also provides shampoo and conditioner for each client at a cost of $0.95 per client. The average price for a haircut is $12. Jenny pays herself $5,000 per month. What is Jenny's contribution margin per haircut?
◦ $10.50
◦ $11.45
◦ $10.20
◦ $11.05
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by nanna on Feb 5, 2023

Mynameisrandom

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nanna

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Reply 2 on: Feb 5, 2023
:D TYSM

cdmart10

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Reply 3 on: Yesterday
Excellent

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