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*Please answer part (b)* The Cullumber Barber Shop employs four barbers. One barber, who also serves as the manager, is paid a salary of $1,840
*Please answer part (b)*
The Cullumber Barber Shop employs four barbers. One barber, who also serves as the manager, is paid a salary of $1,840 per month. The other barbers are paid $1,310 per month. In addition, each barber is paid a commission of $2 per haircut. Other monthly costs are as follows: store rent $800 plus 60 cents per haircut; depreciation on equipment $520; barber supplies 40 cents per haircut; utilities $360; and advertising $220. The price of a haircut is $13. (a) 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.) eTextbook and Media Attempts: 1 of 3 used (b) Your answer is incorrect. Calculate the break-even point in units and dollarsStep by Step Solution
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