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Telly Savalas owns the Bonita Barber Shop He employs 7 barbers and pays each a base rate of$1,100 per month. One of the barbers serves as the manager and receives an extra $550 per month In addition

Telly Savalas owns the Bonita Barber Shop. He employs 7 barbers and pays each a base rate of$1,100 per month. One of the barbers serves as the manager and receives an extra $550 per month.In addition to the base rate, each barber also receives a commission of $5.50 per haircut.Other costs are as follows.AdvertisingRentBarber suppliesUtilitiesMagazines$200$980$0.40$180$25perperperperpermonthmonthhaircutmonth plus $0.30 per haircutmonthTelly currently charges $11.40 per haircut.Determine the variable cost per haircut and the total monthly fixed costs. (Round variable costs to2 decimal places, e.g. 2.25.)$Total variable cost per haircut$Total fixedCompute the break-even point in units and dollars. (Round answers to 0 decimal places, e.g.1,225.)Break-even pointhaircuts$Break-even pointDetermine net income, assuming 2,420 haircuts are given in a month.Netincome$

Jun 19 2020 View more View Less

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