Question

Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base...

Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,640 per month. One of the barbers serves as the manager and receives an extra $510 per month. In addition to the base rate, each barber also receives a commission of $5.81 per haircut.

Other costs are as follows.
Advertising $200 per month
Rent $960 per month
Barber supplies $0.31 per haircut
Utilities $185 per month plus $0.30 per haircut
Magazines $30 per month

Vin currently charges $11.42 per haircut.
Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 12.25.)
Total variable cost per haircut $

Total fixed $

LINK TO TEXT

LINK TO TEXT

LINK TO TEXT

LINK TO TEXT

Compute the break-even point in units and dollars. (Round answers to 0 decimal places, e.g. 1,250.)
Break-even point

haircuts
Break-even point $

LINK TO TEXT

LINK TO TEXT

LINK TO TEXT

LINK TO TEXT

Determine net income, assuming 2,380 haircuts are given in a month.
Net income / (Loss) $

0 0
Add a comment Improve this question Transcribed image text
Answer #1

1 1) 2 Commission $ 3 Barber supplies $ 4 Utilities $ 5 Total variable cost per haircut $ 5.81 0.31 0.30 6.42 6 7 Barber Sala

А 1 1) 2 Commission 3 Barber supplies 4 Utilities 5 Total variable cost per haircut 5.81 0.31 0.3 |=+B2+B3+B4 6 7 Barber Sala

Add a comment
Know the answer?
Add Answer to:
Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base...

    Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,640 per month. One of the barbers serves as the manager and receives an extra $510 per month. In addition to the base rate, each barber also receives a commission of $5.81 per haircut. Other costs are as follows. Advertising $200 per month Rent $960 per month Barber supplies $0.31 per haircut Utilities $185 per month plus $0.30 per haircut Magazines $30...

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

    Vin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,640 per month. One of the barbers serves as the manager and receives an extra $520 per month. In addition to the base rate, each barber also receives a commission of $5.96 per haircut. Problem 18-1A Vin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,640 per month. One of the barbers serves...

  • Problem 19-1A Vin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each...

    Problem 19-1A Vin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,500 per month. One of the barbers serves as the manager and receives an extra $540 per month. In addition to the base rate, each barber also receives a commission of $5.77 per haircut. Other costs are as follows. Advertising $230 per month $980 per month Rent Barber supplies $0.36 per haircut Utilities $170 per month plus $0.30 per haircut...

  • Problem 19-1A Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each...

    Problem 19-1A Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,370 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $5.84 per haircut. Other costs are as follows. Advertising $250 per month Rent $960 per month Barber supplies $0.44 per haircut Utilities $170 per month plus $0.37 per haircut...

  • PRINTER VERSION BACK Vin Diesel owns the Fredonia Barber Shop. He employs barbers and pays each...

    PRINTER VERSION BACK Vin Diesel owns the Fredonia Barber Shop. He employs barbers and pays each a base rate of $1,500 per month. One of the barbers serves as the manager and receives an extra $540 per month. In addition to the base rate, each barber also receives a commission of $5.77 per haircut Other costs are as follows. Advertising $230 per month Rent $980 per month Barber supplies 30.36 per haircut Utilities $170 per month plus $0,30 per haircut...

  • Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base...

    Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base rate of $1,250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base rate, each 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...

  • Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base...

    Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,370 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $5.80 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $250 per month $960 per month $0.44 per haircut $170 per month plus $0.36 per haircut $25...

  • Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base...

    Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,480 per month. One of the barbers serves as the manager and receives an extra $580 per month. In addition to the base rate, each barber also receives a commission of $5.35 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $210 per month $1,080 per month $0.40 per haircut $200 per month plus $0.25 per haircut $35...

  • Vin Diesel owns the Sheffield Barber Shop. He employs 7 barbers and pays each a base...

    Vin Diesel owns the Sheffield Barber Shop. He employs 7 barbers and pays each a base rate of $1,570 per month. One of the barbers serves as the manager and receives an extra $540 per month. In addition to the base rate, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Advertising $310 per month Rent $920 per month Barber supplies $0.30 per haircut Utilities $180 per month plus $0.20 per haircut Magazines $20...

  • Carla Vista Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a...

    Carla Vista Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,310 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $5.50 per haircut. Other costs are as follows. Advertising $210 per month Rent $920 per month Barber supplies $0.46 per haircut Utilities $180 per month plus $0.34 per haircut Magazines...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT