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Oriole Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,640 per month. One of the barbers
Oriole Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,640 per month. One of the barbers serves as the manager and receives an extra $510 per month. In addition to the base rate, each barber also receives a commission of $5.80 per haircut. Other costs are as follows. Advertising $300 per month Rent $960 per month Barber supplies $0.39 per haircut Utilities $185 per month plus $0.21 per haircut Magazines $30 per month Oriole currently charges $11.40 per haircut. Your Answer Correct Answer x Your answer is incorrect. 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 $ 4.40 Total fixed $ 8910 e Textbook and Media Solution Your Answer Correct Answer * Your answer is incorrect. Compute the break-even point in units and dollars. Break-even point 1350 haircuts Break even sales $ 14850 e Textbook and Media Solution Your Answer Correct Answer * Your answer is incorrect. Determine net income, assuming 2,980 haircuts are given in a month. Net income /(Loss) $ 2112 e Textbook and Media Solution
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