Question: solve Unit 2 Lab Assignment Question 3 of 3 6.67 / 10 View Policies Show Attempt History Current Attempt in Progress s the Fredonia Barber
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Unit 2 Lab Assignment Question 3 of 3 6.67 / 10 View Policies Show Attempt History Current Attempt in Progress s the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1,210 per month. One of the barbers serves as the manager and receives an extra $525 per month. In addition to the base salary, each barber also receives a commission of $6.75 per haircut. Other costs are as follows. Advertising $300 per month Rent $1,040 per month Barber supplies $0.50 per haircut Utilities $155 per month plus $0.25 per haircut Magazines $15 per month Kenneth currently charges $15.00 per haircut. (a Your answer is correct. Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total unit variable cost per haircut 7.50 Total fixed costs 8085 e Textbook and Media Attempts: 1 of 5 used b) Your answer is correct. Compute the break-even point in sales units and in sales dollars. Break-even point 1078 haircuts Break-even point sales 16170 e Textbook and Media Attempts: 1 of 5 used (d) Determine net income, assuming 1,520 haircuts are given in a month. Net income $ e Textbook and Media Save for Later Attempts: 0 of 5 used SubmitStep by Step Solution
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