Question
MANAGERIAL CHAPTER 6 Question 1 of 5 5 / 15 View Policies Show Attempt History Current Attempt in Progress The Crane Barber Shop employs four
MANAGERIAL CHAPTER 6 Question 1 of 5 5 / 15 View Policies Show Attempt History Current Attempt in Progress The Crane Barber Shop employs four barbers. One barber, who also serves as the manager, is paid a salary of $ 1,750 per month. The other barbers are paid $ 1,380 per month. In addition, each barber is paid a commission of $ 2 per haircut. Other monthly costs are as follows: store rent $ 790 plus 60 cents per haircut; depreciation on equipment $ 500; barber supplies 40 cents per haircut; utilities $ 330; and advertising $ 210. The price of a haircut is $ 13. (a) Correct answer icon Your answer is correct. Determine the variable cost per haircut and the total monthly fixed costs. (Round variable cost to 2 decimal places, e.g. 15.25.) Variable cost $ enter a dollar amount per haircut rounded to 2 decimal places per haircut Total monthly fixed costs $ enter a dollar amount (b) Calculate the break-even point in units and dollars. Break-even Point enter the break-even point in units units Break-even Point $ enter the break-even point in dollars (d) The parts of this question must be completed in order. This part will be available when you complete the part above.
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