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Wildhorse Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $1,220 per month. One of the barbers
Wildhorse Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $1,220 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $6.60 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $220 per month $1,010 per month $0.30 per haircut $185 per month plus $0.10 per haircut $35 per month Wildhorse currently charges $14 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 $ 7 Total fixed $ Compute the break-even point in units and dollars. Break-even point haircuts Break even sales $ e Textbook and Media Determine net income, assuming 1,560 haircuts are given in a month. Net income / (Loss) $
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