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Vin Diesel owns the Fredonia Barber Shop. He employs5barbers and pays each a base rate of $1,510per month. One of the barbers serves as the

Vin Diesel owns the Fredonia Barber Shop. He employs5barbers and pays each a base rate of $1,510per month. One of the barbers serves as the manager and receives an extra $550per month. In addition to the base rate, each barber also receives a commission of $5.61per haircut.

Advertising$250per monthRent$960per monthBarber supplies$0.39per haircutUtilities$170per month plus $0.38per haircutMagazines$25per month

Vin currently charges $11.38per haircut.

Please help me fiqure out 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_________

Compute the break-even point in units and dollars.(Round answers to 0 decimal places, e.g. 1,250.)

break even point ___________haircuts

break even point _______$

Determine net income, assuming2,460haircuts are given in a month.

Net income / (Loss)____________

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