Determine variable and fixed costs, compute break-even point, prepare a CVP graph, and determine net income. (LO 1,3,5,6), AN Telly Savalas owns the Bonita Barber Shop, He employs four barbers and pays each a base rate of $1,000 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base rate, cach barber also receives a commission of $4.50 per haircut Other costs are as follows Advertising $200 per month Rent $1,100 per month Barber supplies $0.30 per haircut Utilities $175 per month plus $0.20 per haircut Magazines $25 per month Telly durrently charges $10 per haircut Instructions (a) Determine the variable costs per haircut and the total monthly fixed costs. VC 55 (b) Compute the break-even point in units and dollars. (c) Prepare a CVP graph, assuming a maximum of 1,800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and $3.000 on the vertical axis. (d) Determine net income, assuming 1.700 haircuts are given in a month