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Telly Savalas owns the Bonita Barber Shop. He employs 5 barbers and pays each a base rate of $ 1,200 per month. One of the
Telly Savalas owns the Bonita Barber Shop. He employs 5 barbers and pays each a base rate of $ 1,200 per month. One of the barbers serves as the manager and receives an extra $ 510 per month. In addition to the base rate, each barber also receives a commission of $ 5.90 per haircut. Other costs are as follows. Telly currently charges $ 11.70 per haircut. Determine the variable cost per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Compute the break-even point in units and dollars. (Do not round any intermediate calculations and round only answers to 0 decimal places, e.g. 1,225.)
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