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Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,380 per month. One of the barbers

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Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,380 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $6,00 per haircut. Other costs are as follows Advertising $300 per month Rent $940 per month Barber supplies $0.35 per haircut Utilities $170 per month plus $0.25 per haircut Magazines $25 per month Ivanhoe currently charges $11.60 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, eg. 2.25) Total variable cost per haircut $ Totalfixed e Textbook and Media Compute the break-even point in units and dollars Break-even point haircuts Break even sales $

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