Vin Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base salary of $1,250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base salary, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines (a) $200 per month $1,100 per month $0.30 per haircut $175 $25 per month Vin currently charges $10.00 per haircut. per month plus $0.20 per haircut Determine 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 costs Total unit variable cost per haircut $ $
Vin Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base salary of $1,250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base salary, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines (a) $200 per month $1,100 per month $0.30 per haircut $175 $25 per month Vin currently charges $10.00 per haircut. per month plus $0.20 per haircut Determine 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 costs Total unit variable cost per haircut $ $
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 59P: Cost Definitions Luisa Giovanni is a student at New York University. To help pay her way through...
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![A
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C
Question 2 of 6
Current Attempt in Progress
Other costs are as follows.
Advertising
Rent
Vin Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base salary of $1,250 per month. One of the barbers
serves as the manager and receives an extra $500 per month. In addition to the base salary, each barber also receives a commission of
$4.50 per haircut.
Barber supplies
Utilities
Magazines
<
(a)
$200
$1,100
$0.30
$175
Total fixed costs
$25
Vin currently charges $10.00 per haircut.
>
Save for Later
Total unit variable cost per haircut
eTextbook and Media
per month
per month
per haircut
per month plus $0.20 per haircut
per month
Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g.
2.25.)
education.wiley.com
$
$
-/1 E :
Attempts: 0 of 3 used
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1
+](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0550094-787d-49cf-b4d4-1b0926b65c9d%2F47db161c-b222-4314-b9ab-30236fd5c8cd%2Fwo97ctn_processed.png&w=3840&q=75)
Transcribed Image Text:A
← Chapter 5 Homework
C
Question 2 of 6
Current Attempt in Progress
Other costs are as follows.
Advertising
Rent
Vin Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base salary of $1,250 per month. One of the barbers
serves as the manager and receives an extra $500 per month. In addition to the base salary, each barber also receives a commission of
$4.50 per haircut.
Barber supplies
Utilities
Magazines
<
(a)
$200
$1,100
$0.30
$175
Total fixed costs
$25
Vin currently charges $10.00 per haircut.
>
Save for Later
Total unit variable cost per haircut
eTextbook and Media
per month
per month
per haircut
per month plus $0.20 per haircut
per month
Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g.
2.25.)
education.wiley.com
$
$
-/1 E :
Attempts: 0 of 3 used
Submit Answer
1
+
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