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E21-23 (similar to) for security concems and make Henry\'s Helpers provides lock

ID: 2565745 • Letter: E

Question

E21-23 (similar to) for security concems and make Henry's Helpers provides locksmith services. One type of service call is to evaluate private residences recommendations for a safety plan. Use the data below to determine the company's total contribution margin, contribution margin per service cal contribution margin ratio when 180 service calls are made in the month of June. (Click the icon to view the data.) Select the formula labels needed to compute the contribution margin. Then, complete the table to calculate the contribution margin per service ca Per call L X Data Table Fixed Costs Service Revenue Va Service Revenue190 per service call Variable Costs Fixed Costs 76 per service call 19,320 per month Print Done se from any list or enter any number in the input fields and then click Check Answer. 3 parts Clear All

Explanation / Answer

Total contribution margin

no of service call

per unit service revenue/variable cost

total = service call*per unit price/cost

service revenue

180

190

34200

less variable cost

180

76

13680

total contribution margin

20520

contribution margin per service call

service revenue per service call

190

variable cost per service call

76

contribution margin per service call

114

contribution margin ratio

contribution margin per unit/service revenue per unit

114/190

0.6

contribution margin per unit

114

selling price

190

Total contribution margin

no of service call

per unit service revenue/variable cost

total = service call*per unit price/cost

service revenue

180

190

34200

less variable cost

180

76

13680

total contribution margin

20520

contribution margin per service call

service revenue per service call

190

variable cost per service call

76

contribution margin per service call

114

contribution margin ratio

contribution margin per unit/service revenue per unit

114/190

0.6

contribution margin per unit

114

selling price

190