Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Vin Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base rate of $ 1,600 per month. One of the
Vin Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base rate of $ 1,600 per month. One of the barbers serves as the manager and receives an extra $ 520 per month. In addition to the base rate, each barber also receives a commission of $5.99 per haircut. Other costs are as follows Advertising Rent Barber supplies Utilities Magazines $210 per month $970 per month $0.38 per haircut $180 per month plus $0.31 per haircut 30 per month Vin currently charges $11.68 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, eg. 2.25.) Total variable cost per haircut Total fixed
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started