Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vin Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $ 1 , 2 5 0 per

Vin Diesel owns the Fredonia Barber Shop. He employs 4 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 $4.50 per haircut.
Other costs are as follows.
\table[[Advertising,$200,per month],[Rent,$1,100,per month],[Barber supplies,$0.30,per haircut],[Utilities,$175,per month plus $0.20 per haircut],[Magazines,$25,per month]]
Vin currently charges $10 per haircut.
(a)
Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e2.25.)
Total variable cost per haircut $
Total fixed
$
image text in transcribed

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

HRD Score Card 2500 Based On HRD Audit

Authors: T V Rao

1st Edition

8178298368, 978-8178298368

More Books

Students also viewed these Accounting questions

Question

What does it mean to say a risk can develop into a crisis?

Answered: 1 week ago

Question

6. Explain the strengths of a dialectical approach.

Answered: 1 week ago

Question

2. Discuss the types of messages that are communicated nonverbally.

Answered: 1 week ago