Sheridan Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $ 1,570 per month. One of thebarbers serves as the manager and receives an extra $ 500 per month. In addition to the base rate, each barber also receives acommission of $ 9.05 per haircut.Other costs are as follows.Advertising$ 270per monthRent$ 1,060per monthBarber supplies$0.45per haircutUtilities$ 195per month plus $ 0.10 per haircutMagazines$ 15per monthSheridan currently charges $ 16 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 haircut2$9.6Total fixed248320eTextbook and MediaCompute the break-even point in units and dollars.Break-even pointhaircutsBreak even sales2$eTextbook and MediaDetermine net income, assuming 1,590 haircuts are given in a month.Net income / (Loss)$

Answered: Image /qna-images/answer/0c2d449b-5a71-44f4-b335-0ea300e0b082.jpg

Answered: Magazines per Sheridan currently…

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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Lablanc Inc. sells a product for $91 per unit. The variable cost is $63 per unit, while fixed costs are $232,064. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $100 per unit. a. Break-even point in sales units fill in the blank 1 units b. Break-even point if the selling price were increased to $100 per unit fill in the blank 2 units
Radison Inc. sells a product for $52 per unit. The variable cost is $26 per unit, while fixed costs are $137,904. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $60 per unit. a. Break-even point in sales units fill in the blank 1 units b. Break-even point if the selling price were increased to $60 per unit fill in the blank 2 units
es A jeans maker is designing a new line of jeans called Slams. Slams will sell for $300 per unit and cost $195.00 per unit in variable costs to make. Fixed costs total $67,500. Note: Round your answers to 2 decimal places. 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: 7 1 Denominator: 3. Compute income if 6,500 units are produced and sold Income Contribution Margin Ratio Contribution margin ratio 10
Shock Electronics sells portable heaters for $49 per unit, and the variable cost to produce them is $29. Ms. Amps estimates that the fixed costs are $100,800. a. Compute the break-even point in units. Break-even point b. Fill in the following table (in dollars) to illustrate that the break-even point has been achieved. Sales Fixed costs Total variable costs Net profit (loss) units $ 0
ll. Subject :- Accounting
Please help me with show all calculation thanku
Po.38.
Please help me with show all calculation thanku
Publix sold 1,000 units last month which yielded the income statement below. Sales $20,000 Variable Expenses 12,000 Contribution Margin 8,000 Fixed Expenses 6,000 $2,000 Net Income Answer the questions that follow using the given information. 1. What is Publix's contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the break-even point in units? 4. What is the break-even point in dollars? 5. How many units have to be sold to reach a target profit of $5,000?
Please help me
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Fixed expenses are $2,340 per month. Required: 1. Assuming the sales mix above, do the following: Break-even sales dollars Margin of safety in dollars Margin of safety in percentage Warm $10.00 $ 2.50 2,700 units $ a. Prepare a contribution format income statement showing both dollars and percentage columns for each product and for the company as a whole. (Round percentage answers to 2 decimal places.) WARM HANDS Contribution Income Statement Warm 0 % 0.00 $ Cozy $ 15.00 $ 7.50 % 900 units Cozy 0 % 0.00 $ Total 0 0 % b. Compute the break-even point in sales dollars for the company as a whole and the margin of safety in both dollars and percentage of sales. (Do not round your intermediate…
Determine the monthly break-even in total dollar sales.

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