The Cullumber Barber Shop employs four barbers. One barber, who also serves as the manager, is paid a salary of $1,840 per month. The other barbers are paid $1,310 per month. In addition, each barber is paid a commission of $2 per haircut. Other monthly costs a as follows: store rent $800 plus 60 cents per haircut; depreciation on equipment $520; barber supplies 40 cents per haircut; utilities $360; and advertising $220. The price of a haircut is $13. (a) Your answer is correct. Determine the variable cost per haircut and the total monthly fixed costs. (Round variable cost to 2 decimal places, e.g. 15.25.) Variable cost (b) Total monthly fixed costs eTextbook and Media tA Break-even Point $ Break-even Point $ tA Your answer is incorrect. $ Calculate the break-even point in units and dollars. 3 7670 units per haircut Attempts: 1 of 3 used

The Cullumber Barber Shop employs four barbers. One barber, who also serves as the manager, is paid a salary of $1,840 per month. The other barbers are paid $1,310 per month. In addition, each barber is paid a commission of $2 per haircut. Other monthly costs a as follows: store rent $800 plus 60 cents per haircut; depreciation on equipment $520; barber supplies 40 cents per haircut; utilities $360; and advertising $220. The price of a haircut is $13. (a) Your answer is correct. Determine the variable cost per haircut and the total monthly fixed costs. (Round variable cost to 2 decimal places, e.g. 15.25.) Variable cost (b) Total monthly fixed costs eTextbook and Media tA Break-even Point $ Break-even Point $ tA Your answer is incorrect. $ Calculate the break-even point in units and dollars. 3 7670 units per haircut Attempts: 1 of 3 used

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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