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Blossom Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base rate of $1,480 per month. One of the barbers

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Blossom Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base rate of $1,480 per month. One of the barbers serves as the manager and receives an extra $600 per month. In addition to the base rate, each barber also receives a commission of $10.55 per haircut. Other costs are as follows. Advertising $260 per month Rent $1,010 per month Barber supplies $0.30 per haircut Utilities $160 per month plus $0.15 per haircut Magazines $25 per month Blossom currently charges $20 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total variable cost per haircut Total fixed Compute the break-even point in units and dollars. haircuts Break-even point Break even sales $ Determine net income, assuming 1,530 haircuts are given in a month. Net income / (Loss) $

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