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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 $310 per month Rent $930 per month Barber supplies $0.34 per haircut Utilities $175 per month plus $0.21 per haircut Magazines $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 $ Compute the break-even point in units and dollars. (Round answers to 0 decimal places, e.g. 1,250.) Break-even point haircuts Break-even point $ Determine net income, assuming 2,380 haircuts are given in a month. Net income / (Loss) $

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