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Current Attempt in Progress Sandhill Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,490 per month.
Current Attempt in Progress Sandhill Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,490 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 $6.85 per haircut. Other costs are as follows. Advertising $250 per month Rent $970 per month Barber supplies $0.50 per haircut Utilities $200 per month plus $0.15 per haircut Magazines $15 per month Sandhill currently charges $15 per haircut. Determine the variable costs pel haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, eg. 2.25.) Total variable cost per haircut $ Total fixed $ (b). Compute the break-even point in units and dollars. Break-even point haircuts Break even sales $ Determine net income, assuming 1,530 haircuts are given in a month. Net income /(Loss) $
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