Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. need help solving please coursherotranscribedtext

Need help solving please CoursHeroTranscribedText: Sheridan Diesel owns the Fredonia Barber Shop. He employs...

90.2K

Verified Solution

Question

Accounting

Need help solving please

image
CoursHeroTranscribedText: Sheridan Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $1,400 per month. One of the barbers serves as the manager and receives an extra $560 per month. In addition to the base rate, each barber also receives a commission of $6.40 per haircut. Other costs are as follows. Advertising $260 per month Rent $1,060 per month Barber supplies $0.50 per haircut Utilities $160 per month plus $0.10 per haircut Magazines $25 per month Sheridan currently charges $14 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 $ Total fixed 3; Compute the break-even point in units and dollars. Break-even point haircuts Break even sales $ Determine net income, assuming 1,600 haircuts are given in a month. Net income / (Loss) $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students