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Vin Diesel owns the Martinez Barber Shop. He employs 7 barbers and pays each a base rate of $1,560 per month. One of the barbers
Vin Diesel owns the Martinez Barber Shop. He employs 7 barbers and pays each a base rate of $1,560 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 $4.50 per haircut. Other costs are as follows. Advertising Rent Barber supplies $0.30 per haircut Utilities Magazines $250 per month $990 per month $170 per month plus $0.20 per haircut $20 per month Vin currently charges $10.00 per haircut. Determine 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 eTextbook and Media Compute the break-even point in units and dollars. (Round answers to O decimal places, eg. 1,225.) Break-even point Break-even point $ haircuts eTextbook and Media Determine net income, assuming 3,020 haircuts are given in a month. $ Net income / (Loss)
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