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Problem 18-1A Vin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,510 per month. One of
Problem 18-1A Vin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,510 per month. One of the barbers serves as the manager and receives an extra $550 per month. In addition to the base rate, each barber also receives a commission of $5.61 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities $250 per month $960 per month $0.39 per haircut $170 per month plus $0.38 per haircut $25 per month Magazines Vin currently charges $11.38 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 LINK TO TEXT VIDEO: SIMILAR PROBLEM Compute the break-even point in units and dollars. (Round answers to O decimal places, e.g. 1,225.) Break-even point haircuts Break-even point $ LINK TO TEXT VIDEO: SIMILAR PROBLEM Determine net income, assuming 2,460 haircuts are given in a month. (Round answer to 0 decimal places, e.g. 1,225.) Net income / (Loss) $
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