Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Salon de Beauty, a local hair salon, incurred the following costs last month. (Hint: Treat Salon utilities as Variable cost) Salon rent $ 1,800 Salon

Salon de Beauty, a local hair salon, incurred the following costs last month. (Hint: Treat Salon utilities as Variable cost) Salon rent $ 1,800 Salon utilities (electric and water) $ 810 Hairstylists salaries $ 5,500 Hairstylists commissions (a percentage of sales) $ 3,800 Depreciation on fixtures and equipment $ 810 Shampoo and conditioner (only a small amount is used on each customer) $ 270 Insurance $ 1,050 Advertising $ 2,300 Store managers salary $ 3,800 Hair dye and perm kits (each dye job or perm uses one kit) $ 390 c. Total direct costs. d. Total indirect costs.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner

10th Edition

0072316373, 978-0072316377

More Books

Students also viewed these Accounting questions

Question

What is a pure strategy?

Answered: 1 week ago

Question

3 When is it a good idea to use the internal supply of labour?

Answered: 1 week ago

Question

5 What are the main aims of talent management?

Answered: 1 week ago