Question
Vin Diesel owns the Fredonia Barber Shop. He employs5barbers and pays each a base rate of $1,300per month. One of the barbers serves as the
Vin Diesel owns the Fredonia Barber Shop. He employs5barbers and pays each a base rate of $1,300per month. One of the barbers serves as the manager and receives an extra $540per month. In addition to the base rate, each barber also receives a commission of $5.63per haircut.
Other costs are as follows.
| Advertising | $290 | per month |
| Rent | $910 | per month |
| Barber supplies | $0.39 | per haircut |
| Utilities | $180 | per month plus $0.24per haircut |
| Magazines | $20 | per month |
Vin currently charges $11.26per haircut.
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
16th edition
1259692396, 77862384, 978-0077862381
