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Problem 5-2A a-b,d (Video) Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 5 barbers...

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Accounting

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Problem 5-2A a-b,d (Video) Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,330 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 $5.90 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $290 per month $910 per month $0.40 per haircut $175 per month plus $0.20 per haircut $20 per month Ivanhoe currently charges $13 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 haircuts Total fixed Compute the break-even point in units and dollars. Break-even point haircuts Break even sales Determine the variable costs per haircut and the total monthly fixed costs. (Round variable cos Total variable cost per haircut $ Total fixed $ Compute the break-even point in units and dollars. Break-even point haircuts Break even sales Determine net income, assuming/1,800 haircuts are given in a month. Net income / (Loss)

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