Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve Cullumber Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,370 per month. One of

please solve
image text in transcribed
image text in transcribed
Cullumber Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,370 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base rate, each barber also receives a commission of $6.00 per haircut Other costs are as follows: Advertising Rent Barber supplies Utilities Magazines $200 per month $930 per month $0.48 per haircut $175 per month plus $0.32 per haircut $30 per month Cullumber currently charges $11.80 per haircut 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 $ Total fixed Compute the break-even point in units and dollars. haircuts Break-even point Break even sales $ eTextbook and Media Determine net income, assuming 2.490 haircuts are given in a month Net income/(Loss) $ eTextbook and Media Save for Later Attempts: 0 of 15 used Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Auditing A Practical Approach with Data Analytics

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

1st edition

1119401747, 978-1119401742

More Books

Students also viewed these Accounting questions

Question

Ask the customers if they are satisfied with the bank.

Answered: 1 week ago

Question

=+e. User: uses the item or service.11

Answered: 1 week ago