Question: I need help with this problem. I'm trying to find the total variable cost and the total fixed cost . Can you clarify. I need

I need help with this problem. I'm trying to find the total variable cost and the total fixed cost. Can you clarify. I need help with this problem. I'm trying to find the total variable cost and the total fixed cost. Can you clarify.

Sandhill Diesel owns the Fredonia Barber Shop. He employs5barbers and pays each a base rate of $1,430per month. One of the barbers serves as the manager and receives an extra $600per month. In addition to the base rate, each barber also receives a commission of $6.00per haircut.

Other costs are as follows.

Advertising$260per month Rent$1,000per month Barber supplies$0.50per haircut Utilities$150per month plus $0.10per haircut Magazines$20per month

Sandhill currently charges $12per haircut.

Total variable cost per haircut$ ______

Total fixed$ _______

Answer from your tutor:

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Answered20 minutes ago

Total variable cost per haircut $156.50 is not the correct answer

Total fixed cost $9,180

Explanation:

Total variable cost per haircut = $0.50 + $150 + $6.00 = $156.50 is not the correct answer.

Total fixed cost = ($1,430 * 5) + $600 + $260 + $1,000 + $150 + $20 = $9,180

The 5 is the number of employees.

Other costs are as follows.

Advertising$260per month Rent$1,000per month Barber supplies$0.50per haircut Utilities$150per month plus $0.10per haircut Magazines$20per month

Sandhill currently charges $12per haircut.

Total variable cost per haircut$ ______

Total fixed$ _______

Answer from your tutor:

Report this answer

frimponggodfred430Answered20 minutes ago

Total variable cost per haircut $156.50

Total fixed cost $9,180

Explanation:

Total variable cost per haircut = $0.50 + $150 + $6.00 = $156.50

Total fixed cost = ($1,430 * 5) + $600 + $260 + $1,000 + $150 + $20 = $9,180

The 5 is the number of employees.

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