Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

please answer with the solution as well . Thank you Oriole Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a

image text in transcribed
image text in transcribed please answer with the solution as well . Thank you
Oriole Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,430 per month. One of the barbers serves as the manager and receives an extra $520 per month. In addition to the base rate, each barber also receives a commission of $5.60 per haircut Other costs are as follows. Advertising $280 per month Rent $940 per month Barber supplies $0.37 per haircut Utilities $170 per month plus $0.23 per haircut Magazines $20 per month Oriole currently charges $12.20 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.4. 2.25.) Total variable cost per haircut Total forced Compute the break-even point in units and dollars Break-even point haircuts Break even sales Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total variable cost per haircut Total fixed Compute the break-even point in units and dollars. haircuts Break-even point Break even sales Determine net income, assuming 2,470 haircuts are given in a month. Net income / (Loss)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions