PROBLEMS: SET B P5-1B The SaseqR Barber Shop cmploys four barbers. One barber, who also serves asthe manag is paid a salary of $3,000 per menth. The enher barbers are paid $1,500 per month. In addition, eal barber is paid a commission of $3 per haircut. Other monthly costs are store rent $700 plus 60 ces per haireut, depreciation on equipment \$400, barber supplies 40 cents per haircut, atilities 5300 , a advertising $100. The price of a haireut is $10. Instructions (a) Delemine the variable cosis per haircut abd the total monthly fixed cests. (b) Compute the break-even point in units and dollars. P5-2B All Erulen Company bentes and disiributes Fale, Ade, a fruit drink. The beverage is sold for cents per 16 -ounce bottle te retailers, whe charge customers 70 cents per bet- Je. For the year 20 management estimates the following revenees and costs. Instructions (a) Prepare a CVP income statement for 2017 based on managenteni's estimates. (Show columin ff total ameunts only.) (b) Compute the break-even point in (1) units and (2) dollars. (c) Compute the contribution margin ratio. P5-5B lsaac Corporation has collected the following isformation after its first year of sales. Sales were $1,800,000 on 100,000 units; selling expenses $400,000 (30\%, variable and 70% fixed); direet materials $456,000; direct labor $250,000; administrative expenses $484,000 (50\%4 variable and 50%5 fixed); manufacturing overhead 5480,000 (40\%, variable and 60% fixed). Top management hi. asked you to do a CVP analysis so that it can make plans foe the ceming yeat. It has projected that unit sales will increase by 20% next year. Instructions (a) Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed cosis will remain the sanne in the projected year.) (b) Compute the break-even point is units and sales dollars