Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 9 of 9 -/1 III View Policies Current Attempt in Progress Pharoah Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays
Question 9 of 9 -/1 III View Policies Current Attempt in Progress Pharoah Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,210 per month. One of the barbers serves as the manager and receives an extra $525 per month. In addition to the base rate, each barber also receives a commission of $6.75 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $300 per month $1,040 per month $0.50 per haircut $155 per month plus $0.25 per haircut $15 per month Pharoah currently charges $15 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, eg. 2.25.) Total variable cost per haircut $ $ Total fixed Compute the break-even point in units and dollars. Break-even point haircuts Break even sales $ Determine net income, assuming 1,520 haircuts are given in a month. Net income/(Loss) $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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