SheridanDiesel owns the Fredonia Barber Shop. He employs4barbers and pays each a base rate of $1,400per month. One of the barbers serves as the manager and receives an extra $560per month. In addition to the base rate, each barber also receives a commission of $6.40per haircut.

Other costs are as follows.

Advertising$260per monthRent$1,060per monthBarber supplies$0.50per haircutUtilities$160per month plus $0.10per haircutMagazines$25per month

Sheridancurrently charges $14per haircut.

(a)

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$

enter a dollar amount rounded to 2 decimal places

Total fixed$

enter a dollar amount