Sheridan Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $ 1,570 per month. One of thebarbers serves as the manager and receives an extra $ 500 per month. In addition to the base rate, each barber also receives acommission of $ 9.05 per haircut.Other costs are as follows.Advertising$ 270per monthRent$ 1,060per monthBarber supplies$0.45per haircutUtilities$ 195per month plus $ 0.10 per haircutMagazines$ 15per monthSheridan currently charges $ 16 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 haircut2$9.6Total fixed248320eTextbook and MediaCompute the break-even point in units and dollars.Break-even pointhaircutsBreak even sales2$eTextbook and MediaDetermine net income, assuming 1,590 haircuts are given in a month.Net income / (Loss)$

Answered: Image /qna-images/answer/0c2d449b-5a71-44f4-b335-0ea300e0b082.jpg

Magazines per Sheridan currently charges $ 16 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 $ 9.6 Total fixed $ 8320 eTextbook and Media Compute the break-even point in units and dollars. Break-even point haircuts Break even sales eTextbook and Media Determine net income, assuming 1,590 haircuts are given in a month. Net income / (Loss) %24 %24 %24

Magazines per Sheridan currently charges $ 16 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 $ 9.6 Total fixed $ 8320 eTextbook and Media Compute the break-even point in units and dollars. Break-even point haircuts Break even sales eTextbook and Media Determine net income, assuming 1,590 haircuts are given in a month. Net income / (Loss) %24 %24 %24

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter17: Activity Resource Usage Model And Tactical Decision Making

Section: Chapter Questions

Problem 6E: Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary of...

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