Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,480 per month. One of the barbers

image text in transcribed

Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,480 per month. One of the barbers serves as the manager and receives an extra $580 per month. In addition to the base rate, each barber also recelves a commission of $5.35 per haircut Other costs are as follows $210 per month $1,080 per month $0.40 per haircut Rent Barber supplies Utilities Magazines $200 per month plus s0.25 per haircut $35 per month Crane currently charges $15 per haircut. (a) Determinete vriable 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 By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: o of i5 used SAVE rOR LATER SUBMIT ANSWER SUBMIT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions