The Sasoon Barber Shop employs four barbers. One barber, who also serves as the manager,...
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Accounting
The Sasoon Barber Shop employs four barbers. One barber, who also serves as the manager, is paid a salary of exist3,000 per month. The other barbers are paid exist1, 500 per month. In addition, each barber is paid a commission of exist3 per haircut. Other monthly costs are store rent exist700 plus 60 cents per haircut, depreciation on equipment exist400, barber supplies 40 cents per haircut, utilities exist300, and advertising exist100. The price of a haircut is exist10. Instructions (a) Determine the variable costs per haircut and the total monthly fixed costs. (b) Compute the break-even point in units and dollars. (c) Prepare a CVP graph, assuming a maximum of 1, 800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and exist3,000 increments on the vertical axis. (d) Determine the net income, assuming 1, 800 haircuts are given in a month
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