c. What electricity cost does the co By what amount does this differ from June's observed cost for 700 machine hours? P22.2A (LO 1, 2, 3, 4) Service Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base rate of $1,250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base rate, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Advertising $200 per month Rent $1,100 per month Barber supplies $0.30 per haircut Utilities $175 per month plus $0.20 per haircut Magazines $25 per month Vin currently charges $10 per haircut. Instructions a. Determine the variable costs per haircut and the total monthly fixed costs. b. Compute the break-even point in units and dollars. c. Prepare a CVP graph, assuming a maximum of 1.800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and $3.000 on the vertical axis. d. Determine net income, assuming 1,600 haircuts are given in a month