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*Problem 19-1A Vin Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base rate of $1,350 per month. One of
*Problem 19-1A Vin Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base rate of $1,350 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $5.86 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $200 per month $910 per month $0.30 per haircut $170 per month plus $0.30 per haircut $20 per month Vin currently charges $11.46 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 12.25.) Total variable cost per haircut $6.46 Total fixed $ 9,930 Compute the break-even point in units and dollars. (Round answers to O decimal places, e.g. 1,250.) Break-even point 260 haircuts Break-even point $ Determine net income, assuming 2,300 haircuts are given in a month. Net income / (Loss) Question Attempts: 0 of 3 used
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