Please do not give solution in image format thanku John Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base salary of $1,480 per month. One of thebarbers serves as the manager and receives an extra $580 per month. In addition to the base salary, each barber also receives acommission of $5.35 per haircut.Other costs are as follows.AdvertisingRentBarber suppliesUtilitiesMagazinesJohn currently charges $15.00 per haircut.$210 per month$1,080per month$0.40 per haircut$200$35 per monthDetermine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.)Total fixed costsTotal unit variable cost per haircut $eTextbook and MediaBreak-even pointper month plus $0.25 per haircutCompute the break-even point in sales units and in sales dollars.Break-even point sales SeTextbook and MediaNet income $$eTextbook and MediaDetermine net income, assuming 1.700 haircuts are given in a month.haircuts

The contribution Margin is calculated as difference between sales and variable cost. The break even…

John Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base salary of $1,480 per month. One of the barbers serves as the manager and receives an extra $580 per month. In addition to the base salary, each barber also receives a commission of $5.35 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $210 per month $1,080 per month $0.40 per haircut $200 per month plus $0.25 per haircut $35 per month John currently charges $15.00 per haircut. Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, eg. 2.25.) Total unit variable cost per haircut $ Total fixed costs eTextbook and Media

John Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base salary of $1,480 per month. One of the barbers serves as the manager and receives an extra $580 per month. In addition to the base salary, each barber also receives a commission of $5.35 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $210 per month $1,080 per month $0.40 per haircut $200 per month plus $0.25 per haircut $35 per month John currently charges $15.00 per haircut. Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, eg. 2.25.) Total unit variable cost per haircut $ Total fixed costs eTextbook and Media

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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