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HFT 4474 - Problem 19-1A Telly Savalas

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Question;Problem 19-1A;Telly Savalas owns;the Bonita Barber Shop. He employs 6 barbers and pays each a base rate of $1,000;per month.;One of the barbers;serves as the manager and receives an extra $500 per month. In addition to the;base rate, each;barber also;receives a commission of 4.50 per haircut.;Other costs are as;follows.;Advertising;$200 per month;Rent;$1,100 per month;Barber supplies;Utilities;Magazines;$0.30 per haircut;$175 per month plus;$0.40 per haircut;$25 per month;Telly currently;charges $10 per haircut.;Determine the;variable cost per haircut and the total monthly fixed costs. (Round variable;costs to 2 decimal;places, e.g. 2.25.);Total variable cost;per haircut $;Total fixed;$;Compute the;break-even point in units and dollars. (Round answers to 0 decimal places, e.g.;1,225.);Break-even point;haircuts;Break-even point $;Determine net;income, assuming 1,700 haircuts are given in a month.;Net income $

 

Paper#41216 | Written in 18-Jul-2015

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