Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 22-1A Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,470 per month. One of
Problem 22-1A Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,470 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 $5.64 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $310 per month $930 per month $0.34 per haircut $175 per month plus $0.21 per haircut $20 per month Vin currently charges $11.19 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 LINK TO TEXT LINK TO TEXT LINK TO TEXT Compute the break-even point in units and dollars. (Round answers to O decimal places, e.g. 1,250.) Break-even point Break-even point haircuts
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started