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Kenneth Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1.210 per month. One of the
Kenneth Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1.210 per month. One of the barbers serves as the manager and receives an extra $525 per month. In addition to the base salary, each barber also receives a commission of $6.75 per haircut. Other costs are as follows. Advertising $300 per month Rent $1.040 per month Barber supplies $0.50 per haircut Utilities $155 per month plus $0.25 per haircut Magazines $15 per month Kenneth currently charges $15.00 per haircut. Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, es 2.25.) Total unit variable cost per haircut $ Total fixed costs
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