Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vin Diesel owns the Ayayai Barber Shop. He employs 6 barbers and pays each a base rate of $1,330 per month. One of the barbers

image text in transcribedimage text in transcribed

Vin Diesel owns the Ayayai Barber Shop. He employs 6 barbers and pays each a base rate of $1,330 per month. One of the barbers serves as the manager and receives an extra $540 per month. In addition to the base rate, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Advertising $250 per month Rent Barber supplies $0.30 per haircut Utilities Magazines $930 per month $180 per month plus $0.20 per haircut $20 per month Vin currently charges $10.00 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total variable cost per haircut Total fixed eTextbook and Media Compute the break-even point in units and dollars. (Round answers to O decimal places, e.g. 1,225.) Break-even point Break-even point$ haircuts eTextbook and Media Determine net income, assuming 2,450 haircuts are given in a month. Net income/ (Loss) $ eTextbook and Media

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guidelines For Laboratory Quality Auditing

Authors: Donald C. Singer, Ronald P. Upton

1st Edition

0824787846, 978-0824787844

More Books

Students also viewed these Accounting questions

Question

2. How do these vengeful heroes exorcise their daemons?

Answered: 1 week ago

Question

explain where you get 331

Answered: 1 week ago

Question

Decision Making in Groups Leadership in Meetings

Answered: 1 week ago