The costs for the most recent month at a hair salon are as follows: Salon rent $
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Question:
The costs for the most recent month at a hair salon are as follows:
Salon rent | $ 1,500 |
---|---|
Salon utilities (electric and water)* | 800 |
Hairstylists' salaries | 5,100 |
Hairstylists' commissions (a percentage of sales) | 3,500 |
Depreciation on fixtures and equipment | 830 |
Shampoo and conditioner (only a small amount is used on each customer) | 390 |
Insurance | 1,900 |
Advertising | 2,400 |
Store manager's salary | 2,500 |
Hair dye and perm kits (each dye job or perm uses one kit) | 310 |
*Hint: Assume utilities vary in total according to the number of customers served.
Calculate each of the following, where the cost object is customers served:
Required:
- Total variable costs.
- Total fixed costs.
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