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Paul Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base salary of $1.310 per month. One of the
Paul Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base salary of $1.310 per month. One of the barbers serves as the manager and receives an extra $560 per month. In addition to the base salary, each barber also receives a commission of $5.85 per haircut. Other costs are as follows. Advertising $300 per month Rent $950 per month Barber supplies $0.50 per haircut Utilities $170 per month plus $0.15 per haircut Magazines $30 per month Paul currently charges $13.00 per haircut. Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, eg. 2.25) Total unit variable cost per haircut $
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