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Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,440 per month. One of the
Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,440 per month. One of the barbers serves as the manager and receives an extra $520 per month. In addition to the base rate, each barber also receives a commission of $5.60 per haircut. Other costs are as follows. Advertising $240 per month. Rent $930 per month Barber supplies $0.35 per haircut Utilities $185 per month plus $0.25 per haircut Magazines $30 per month Crane currently charges $11.30 per haircut. (a) 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
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