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Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base rate of $1, 250 per month. One of the

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Vin Diesel owns the Fredonia Barber Shop. He employs four 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. Vin currently charges $10 per haircut. Instructions Determine the variable costs per haircut and the total monthly fixed costs. Compute the break-even point in units and dollars. Prepare a CVP graph, assuming a maximum of 1, 800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and $3, 000 on the vertical axis. Determine net income, assuming 1, 600 haircuts are given in a month

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