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Problem 18-1A Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,650 per month. One of
Problem 18-1A Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,650 per month. One of the barbers serves as the manager and receives an extra $500 per month the base rate, each barber also receives a commission of $5.7 addition to per haircut Other costs are as follows. $260 per month Advertising $S950 per month Rent Barber supplies $0.38 per haircut Utilities $185 per month plus $0.20 per haircut Magazines $20 per month Vin currently charges $11.28 per haircut. 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 units and dollars. (Round answers to 0 decimal places, e.g. 1,225.) Break-even point haircuts Break-even point Determine net income, assuming 2,320 haircuts are given in a month. (Round answer to 0 decimal places, e.g. 1,225.) Net income / (Loss) Open Show Work Click if you would like to Show Work for this
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