Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,640 per month. One of the barbers serves as the manager and receives an extra $510 per month. In addition to the base rate, each barber also receives a commission of $5.81 per haircut.

Other costs are as follows.

Advertising$200 per monthRent$960 per monthBarber supplies$0.31 per haircutUtilities$185 per month plus $0.30 per haircutMagazines$30 per month

Vin currently charges $11.42 per haircut.

Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 12.25.)

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:

 haircutsBreak-even point$:

Determine net income, assuming 2,380 haircuts are given in a month.

Net income / (Loss)$ :