Question
Vin Diesel owns the Fredonia Barber Shop. He employs7barbers and pays each a base rate of $1,370per month. One of the barbers serves as the
Vin Diesel owns the Fredonia Barber Shop. He employs7barbers and pays each a base rate of $1,370per month. One of the barbers serves as the manager and receives an extra $530per month. In addition to the base rate, each barber also receives a commission of $5.84per haircut.
Other costs are as follows.
Advertising $250per month
Rent$960per month
Barber supplies$0.44per haircut
Utilities$170per month plus $0.37per haircut
Magazines$25per month
Vin currently charges $11.65per haircut.
How do you find the variable costs per haircut and the total monthly fixed costs? Round to 2 decimals.
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Payroll Accounting 2018
Authors: Bernard J. Bieg, Judith Toland
28th edition
1337291056, 978-1337291057, 1337291137, 9781337291132, 9781337516686 , 978-1337291040
