Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Fernando Chavez owns the FC Barber Shop, which is a one-man shop (owned by Fernando and he is the only employee). With the following
Fernando Chavez owns the FC Barber Shop, which is a one-man shop (owned by Fernando and he is the only employee). With the following information for FC Barber Shop's August operations, calculate the (A) break-even point in dollars and (B) break-even point in units. Break-Even Point Transactions Cost Information Advertising Rent Barber supplies Utilities Wages Price of Haircut Number of Haircut Provided Cost $100 per month $1,000 per month $1.00 per haircut $150 per month plus $0.50 per haircut $500 per month plus $6.00 per haircut $30 per haircut 150 haircuts Round your dollar amount to 2 decimal places. If your answer is $54.4444444, that means you need to make sales of at least $54.45 although rounding the amount to 2 decimal places would be $54.44 because making sales of $54.44 will not result in a break-even point. Round your units to the whole number. If your answer is 54.44444 units, that means you still need to produce 55 units because you cannot produce 54.44 units and producing 54.44 units will not result in a break-even point. (A) Break-Even Point in Dollars Responses - Break-Even Point in Dollars Break-Even Point in Dollars $ (B) Break-Even Point in Unit Responses Break-Even Point in Unit Break-Even Point in Unit Units
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started