Total variable cost = Commission + supplies +utilities
=5.35+0.40+0.25 = $6.0 per haircut
Total fixed cost = Salary + advertising + rent + utilities + magazines
=(1480*7+580)+210+1080+200+35
= $12465
Contribution margin = sales - variable cost =15-6 = $9 per haircut
Contribution margin ratio = Contribution margin / sales = 9/15 = 60%
Break even point = Total fixed cost / Contribution margin
= 12465/9 = 1385 haircut
Break even sales = Total fixed cost / Contribution margin ratio
= 12465/0.60 = $20775
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...
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...
Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,380 per month. One of the barbers serves as the manager and receives an extra $535 per month. In addition to the base rate, each barber also receives a commission of $3.75 per haircut. Other costs are as follows. Advertising $270 per month Rent $1,010 per month Barber supplies $0.50 per haircut Utilities $160 per month plus $0.15 per haircut Magazines $35...
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...
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...
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...
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...
Thank you!! Vin Diesel owns the Marigold Barber Shop. He employs 7 barbers and pays each a base rate of $1,650 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 $260 per month Rent $800 per month Barber supplies $0.30 per haircut Utilities $185 per month plus $0.20 per haircut...
Problem 5-2A a-b,d (Video) 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...
Problem 5-2A a-bid (Video) 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...