Wildhorse Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base...

 

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Wildhorse Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,440 per month. One of the barbers serves as the manager and receives an extra $565 per month. In addition to the base rate, each barber also receives a commission of $8.50 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $250 per month $1,100 per month $0.35 per haircut $150 per month plus $0.15 per haircut $35 per month Wildhorse currently charges $15 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 Compute the break-even point in units and dollars. Break-even point Break even sales $ eTextbook and Media haircuts Determine net income, assuming 1,800 haircuts are given in a month. Net income /(Loss) $ Wildhorse Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,440 per month. One of the barbers serves as the manager and receives an extra $565 per month. In addition to the base rate, each barber also receives a commission of $8.50 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $250 per month $1,100 per month $0.35 per haircut $150 per month plus $0.15 per haircut $35 per month Wildhorse currently charges $15 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 Compute the break-even point in units and dollars. Break-even point Break even sales $ eTextbook and Media haircuts Determine net income, assuming 1,800 haircuts are given in a month. Net income /(Loss) $

Answer rating: 100% (QA)

Requirement 1 Total variable cost per haircut 900 Total Fixed 9... View the full answer