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Thank you for your help Vin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1, 250
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Vin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1, 250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base rate, each barber also receives a commission of $5.50 per haircut. Other costs are as follows. Vin currently charges SI 1.00 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. Compute the break-even point in units and dollars. Determine net income, assuming 2,300 haircuts are given in a monthStep by Step Solution
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