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Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,370 per month. One of the barbers

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Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,370 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $5.80 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $250 per month $960 per month $0.44 per haircut $170 per month plus $0.36 per haircut $25 per month Crane currently charges $11.60 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. Break-even point haircuts Break even sales & Determine net income, assuming 2,440 haircuts are given in a month. Net income / (Loss)

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