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Gary Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base salary of $ 1 , 5 7 0 per
Gary Diesel owns the Fredonia Barber Shop. He employs barbers and pays each a base salary of $ per month. One of the barbers serves as the manager and receives an extra $ per month. In addition to the base salary, each barber also receives a commission of $ per haircut.
Other costs are as follows.
Advertising $ per month
Rent $ per month
Barber supplies $ per haircut
Utilities $ per month plus $ per haircut
Magazines $ per month
Gary currently charges $ per haircut.
Determine the unit variable costs per haircut and the total monthly fixed costs. Round variable costs to decimal places, eg
Total unit variable cost per haircut $
Total fixed costs
$
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