il Question 1 of 25 View Policies Current Attempt in Progress Sandra's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local mall, Sandra's offers 15-minute haircuts with a shampoo for harried shoppers who do not have time for lengthy appointments. To ensure that the clients are in and out quickly, Sandra schedules her 6 employees based on expected client traffic. Each of the employees is paid $1270 per month, with part of their pay coming from client tips. Sandra pays rent and overhead costs of $2200 per month for the facility. Because of the quick nature of the service, Sandra doesn't have time to clean combs in between clients, so she uses a new comb for each customer, at a cost of $0.55 each. She also provides shampoo and conditioner for each client at a cost of $0.90 per client. The average price for a haircutis $14, Sandra pays herself $6000 per month. What are Sandra's fixed costs for the month? $13620 $9820 $11090 $15820 - 14 III Question 2 of 25 View Policies Current Attempt in Progress Betty owns her own real estate agency. She has been working hard to increase her client base. She offers the most comprehensive advertising campaign in the city and it has been paying off by the steady increase in the number of listings over the last several months. However, Betty is concerned that her extensive cost for advertising is eating into her profits. It is difficult to determine how much she spends on advertising for each listing because some of her advertising sources are fixed amounts each month and others are more variable in nature. She would like to analyze the following information to determine how her advertising costs behave based on the number of listings. Month Number of Listings Advertising Cost March 22 15260 April 29 17610 40 May 23140 June 43 27225 July 47 30555 53 August 32510 September 52 31825 October 57 36960 November 54 34850 Question 2 of 25 40 May 23140 43 June 27225 July 47 30555 53 August 32510 September 52 31825 October 57 36960 November 54 34850 If Dana believes she will have 54 listings in December, what is her expected cost for advertising? $34850 $34230 $35100 $36720 Question 3 of 25 - 4 E View Policies Current Attempt in Progress Sharon's Cutting Station offers a new concept in haircuts: low cost and very quick. Set in a local mall, Sharon's offers 15-minute haircuts for harried shoppers who do not have time for lengthy appointments. To ensure that the clients are in and out quickly, she schedules her 5 employees based on expected client traffic. Each of the employees is paid $1220 per month, with part of their pay coming from client tips. Sharon pays rent and overhead costs of $2400 per month on the facility. Because of the quick nature of the service, Sharon doesn't have time to clean combs in between clients, so she uses a new comb for each customer, at a cost of $0.50 cach. She also provides shampoo and conditioner for each client at a cost of $1.05 per client. The average price for a haircut is $13. Sharon pays herself $5600 per month. What is Sharon's contribution margin per haircut? $11.45 $11.95 $12.50 $1115 - 74 Question 4 of 25 View Policies Current Attempt in Progress Cross Creek Company sells concrete culverts. Currently, the company's sales revenue is $1170000, variable costs total $585000, and fixed costs total $390000. If Cross Creek's controller has calculated the company's breakeven point to be $775100, what is the company's margin of safety? $19500 $394900 $195000 $580100 - 14 TIT Question 5 of 25 View Policies Current Attempt in Progress Thomas's Bakery sells strawberry cakes for $20 each. Thomas's variable costs are $10 and her fixed costs total $2940 per month. If Thomas's tax rate is 25%, how many cakes must Thomas sell each month if she wants to earn $5880 in net income? 588 1176 882 1078