Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A Home Lowo FI Arial 10 A aber Wrap Text U B A PASTE Clen Merge A E F G 8 9 TO x B
A Home Lowo FI Arial 10 A aber Wrap Text U B A PASTE Clen Merge A E F G 8 9 TO x B C D A barbershop has the following expenses: Rent is $1100/month Depreciation on equipment is $400 per month Utilities are $800 per month and advertising is $300 per month The fixed salaries for the barbers are $5,500 per month. In addition to the salary above the barbers receive $4.50 per haircut supplles cost $.50 per haircut. 2 3 4 5 6 7 8 The price for a haircut Is $14.00 1 How many haircuts do they have to do per month to break even? 3 2 How much profit or Loss do they make if they do 1200 haircuts in a month? 3 They have space for another chair. If they hire another barber for $1,350/month and the same variable costsWhat will be the break-even number of haircuts for the shop? 4 Given the original assumptions. If they raised the price to $15.00, what would be the breakeven number of haircuts per month? Sheet1 Sheet2 Sheet3 Normal View Ready 15 Earmulas Fall Arial Ni 10 ASA Paste Cla B U Wrap Text A C5 X Merge B 38 39 F G 4 Given the original assumptions, If they raised the price to $15.00, what would be the breakeven number of haircuts per month? 40 41 42 43 44 25 96 27 18 39 90 1 2 3 PEM, Inc makes a single product. First year income statement is $ $ 300,000.00 ($12/unit) 190,000.00 Variable costs per unit Fixed costs Material 6.00 Overhead Labor S 9.00 Selling Overhead $ 3.00 Selling $ 5.00 Units sold Units Produced End Inventory Sale price Traditional Profit & Loss Statement 25,000 25.000 9 $ 50.00 Sales (25,000 at $50) Cost of Goods Sold: Cost of Goods Sold (25000-30) 1,250,000 750,000 Gross Profit 500,000 Variable Selling (25000-5) Fixed selling 125,000 190.000 Net Income 185.000 5 Create a Variable or CVP Income Statement to the right or below for PEM, Inc Sheer Sheet1 Sheet2 Ready Normal View AR 15 19
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started