P22.2 (LO 1, 2, 3, 4), AN service Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base salary of $1,250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base salary, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Vin currently charges $10 per haircut. Instructions a. Determine the unit variable costs per haircut and the total monthly fixed costs. a. VC$5 b. Compute the break-even point in sales units and in sales dollars. c. Prepare a CVP graph, assuming a maximum of 1,800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and $3,000 on the vertical axis. d. Determine net income, assuming 1,600 haircuts are given in a month. Prepare a CVP income statement and compute break-even point, contribution margin ratio, margin of safety ratio, and sales for target net income. P22.2 (LO 1, 2, 3, 4), AN service Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base salary of $1,250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base salary, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Vin currently charges $10 per haircut. Instructions a. Determine the unit variable costs per haircut and the total monthly fixed costs. a. VC$5 b. Compute the break-even point in sales units and in sales dollars. c. Prepare a CVP graph, assuming a maximum of 1,800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and $3,000 on the vertical axis. d. Determine net income, assuming 1,600 haircuts are given in a month. Prepare a CVP income statement and compute break-even point, contribution margin ratio, margin of safety ratio, and sales for target net income