Please do not give solution in image format thanku Matthew Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base salary of $1.490 per month. One of thebarbers serves as the manager and receives an extra $600 per month. In addition to the base salary, each barber also receives acommission of $10.40 per haircut.Other costs are as follows.AdvertisingRentBarber suppliesUtilitiesMagazines$220 per month$950per month$0.50per haircut$195 per month plus $0.10 per haircut$30 per monthMatthew currently charges $20.00 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 haircutTotal fixed costseTextbook and MediaBreak-even pointCompute the break-even point in sales units and in sales dollars.Break-even point sales $$$Net income $haircutsDetermine net income, assuming 1,630 haircuts are given in a month.

Breakeven is the point at which an entity is in a situation of no profit and no loss. It is the…

Matthew Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base salary of $1.490 per month. One of the barbers serves as the manager and receives an extra $600 per month. In addition to the base salary, each barber also receives a commission of $10.40 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $220 per month $950 per month $0.50 per haircut $195 $30 per month per month plus $0.10 per haircut Matthew currently charges $20.00 per haircut.

Matthew Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base salary of $1.490 per month. One of the barbers serves as the manager and receives an extra $600 per month. In addition to the base salary, each barber also receives a commission of $10.40 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $220 per month $950 per month $0.50 per haircut $195 $30 per month per month plus $0.10 per haircut Matthew currently charges $20.00 per haircut.

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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