I own a Supercuts barber shop. Up to 12 people an hour want to come get haircuts, which I charge $20 each for. I have 1 cashier that can process 20 people an hour. I have 2 barbers who can process 3 people an hour each (so 6 people an hour total). I pay barbers $17 an hour and cashiers $11 an hour. If I can't change demand, and I can hire as many people as I want, what is my maximum profit per hour?

Q: Jim's Bait Shop makes their own fishing lures. They buy the materials necessary to make the lures…

A: Jim Bait's Costing is as follows : Direct Material Cost Includes Cost of One Pound of Material =…

Q: You organize an 8-hour training for 6 h local employees. The training is led by

A: Training : It is the event provide by the skilled persons to trained the workers to enhance their…

Q: Let's say you spend $10,125 to open up a pie store. The retail price of pies is $13, and each pie…

A: Fixed costs = $10,125Sales price = $13Variable cost = $3

Q: Micro Enterprises has the capacity to produce 10,000 widgets a month, and currently makes and sells…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Edgar Garcia was at his banker's trying to get a short term loan. "I need about $10,000 for three…

A: Cash flow is important for any business, as it enables the business to meet its current obligations…

Q: 1. You have a small business selling cans of HuntBi, a reasonably nasty-tasting energy drink. ● You…

A: Operating income - is the income after deducting operating expenses from the revenue or sales during…

Q: You own and manage a yard care business in which you charge $50 per visit to care for each yard…

A: Break-even point is the point wherein revenues equals expenses or contribution equals fixed costs.…

Q: Radar Company sells bikes for $300 each. The company currently sells 3,750 bikes per year and could…

A: Decision-making process: Decision making can be defined as the process of making choices through the…

Q: In a recently opened shopping mall, Jagdeep sells handmade coffee mugs in a booth for $25 each and…

A: Break even point (in units) =  Fixed costs /contribution margin per unit Contribution margin per…

Q: a. How many pizzas must he sell each month to break even under these conditions? b. If he is…

A: Break-even analysis assesses the point at which total revenue equals total costs, determining the…

Q: 1. Your best friend, Mario, makes the most awesome pizza in town! He’s decided to open a pizza shop…

A: Note: "Since you posted multiple questions, we will solve the first question for you. To get a…

Q: 1. You have a small business selling cans of HuntBi, a reasonably nasty-tasting energy drink. ● You…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: A cell phone company offers two different plans. Plan A costs $87 per month for unlimited talk and…

A: Plan A: It cost $87 per month with unlimited talk and Text. The cost of Plan A under both Conditions…

Q: 1.As an optician, on average, you sell eyeglasses for $80/pair. For every pair that you sell, the…

A: The percentage of sales revenue that can be used to pay for fixed expenditures and increase a…

Q: A cell phone company offers two different plans. Plan A costs $96 per month for unlimited talk and…

A: Cost-based decisions: When any person, firm, or company not have the profit-related data than its…

Q: 17. You run a nail salon. Fixed monthly cost is $5,674.00 for rent and utilities, $6,248.00 is spent…

A: A fixed cost is an expense that a business incurs that remains the same regardless of the number of…

Q: Suppose you make a beautiful coffee table out of Jupiter trees. Your materials costhe materials cost…

A: Material cost is the cost of producing or purchasing the material to make the final product. Labor…

Q: Radar Company sells bikes for $500 each. The company currently sells 4,200 bikes per year and could…

A: Incremental analysis :— It is one of the analysis which shows the comparison between two different…

Q: Casey’s Cases sells cell phone cases in a mall kiosk. Casey charges $40 per case. The variable cost…

A: Break-even point (in units) = Fixed costContribution per unit

Q: Paul James is a chrome plater at a local plant. If he plants 300 items or more, he is paid $1.25…

A: Cost system is the system which is designed to evaluate the monitor the cost incurred by the…

Q: Olivia sells bookshelves and small tables. It takes 1.25 hours to build a bookshelf and .9 hours to…

A: Variable Cost :— It is the cost that changes with change in unit of cost driver. Variable cost per…

Q: Radar Company sells bikes for $450 each. The company currently sells 4,500 bikes per year and could…

A: The contribution margin represents the portion of a product's sales revenue that isn't used up by…

Q: Ana Mayer is getting ready to open a small restaurant. She is on a tight budget and must choose…

A: There are two main types of costs – fixed costs and variable costs.Fixed costs are costs that do not…

Q: Mary owns a flower shop in Dangwa. She knows that a lot of male customers will buy roses few days…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: At Bed Bath and Beyond, the manager, Jill Roe, knows her customers will pay no more than $300 for a…

A: Selling Price = s = $300Markup Rate = r = 35%

Q: Sharon’s Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local…

A: Total variable cost per haircut = new comb cost + shampoo cost = 0.50 + 1.05 = $1.55 per unit

Q: Natasha's Flowers, a local florist, purchases fresh flowers each day at the local flower market. The…

A: Here,ParticularsNPV per BunchCost per BunchMax. BunchesProfitability IndexRankingRoses $      3 $…

Q: It costs People’s Place $0.20 for coffee beans per each cup of coffee, $0.10 per coffee cup, and…

A: The Break-even point is the minimum point of sale for the survival of the entity. At this point, the…