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Crane Dlesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1.310 per month One of the barbers
Crane Dlesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1.310 per month One of the barbers serves as the manager and receives an autra $500 per month. In addition to the base rate, cach barber also receives a commission of $5,65 per haircut. Other costs are as follows. Advertising $300 per monen Rent $950 per month Barber supplies $0.50 per haircut Utilities $170 per month plus $0.15 per haircut Magazines $30 per month Crane currently charges $13 per holrcul Determine the variable costs per haircut and the total monthly fixed costs. (Round vorlable costs to 2 dedmal places, Total variable cost per haircut $ Total foxed $ Compute the break-even point in units and dollars. Break-even point haircuts Break even sales $ Determine net income, assuming 2,000 haircuts are given in a month. Net income/(Loss) $ $ 1020
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