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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![Sheridan Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $ 1,570 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 $ 9.05 per haircut.
Other costs are as follows.
Advertising
$ 270
per month
Rent
$ 1,060
per month
Barber supplies
$0.45
per haircut
Utilities
$ 195
per month plus $ 0.10 per haircut
Magazines
$ 15
per month
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
2$
9.6
Total fixed
24
8320
eTextbook and Media
Compute the break-even point in units and dollars.
Break-even point
haircuts
Break even sales
2$
eTextbook and Media
Determine net income, assuming 1,590 haircuts are given in a month.
Net income / (Loss)
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4224aaa8-b20a-4203-b084-945cc2d052ba%2F0c2d449b-5a71-44f4-b335-0ea300e0b082%2Fdfetyop_processed.png&w=3840&q=75)
Transcribed Image Text:Sheridan Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $ 1,570 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 $ 9.05 per haircut.
Other costs are as follows.
Advertising
$ 270
per month
Rent
$ 1,060
per month
Barber supplies
$0.45
per haircut
Utilities
$ 195
per month plus $ 0.10 per haircut
Magazines
$ 15
per month
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
2$
9.6
Total fixed
24
8320
eTextbook and Media
Compute the break-even point in units and dollars.
Break-even point
haircuts
Break even sales
2$
eTextbook and Media
Determine net income, assuming 1,590 haircuts are given in a month.
Net income / (Loss)
$
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