Question
Vin Diesel owns the Riverbed Barber Shop. He employs 7 barbers and pays each a base rate of $1,640 per month. One of the barbers
Vin Diesel owns the Riverbed 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 $4.50 per haircut. Other costs are as follows. Advertising $200 per month Rent $960 per month Barber supplies $0.30 per haircut Utilities $185 per month plus $0.20 per haircut Magazines $30 per month Vin currently charges $10.00 per haircut.
a. break even point for haircuts?
b. break even point for $?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started