Problem 18-1A (Part Level Submission) Vin Diesel owns the Fredonia Barber Shop.
ID: 2574238 • Letter: P
Question
Problem 18-1A (Part Level Submission) Vin Diesel owns the Fredonia Barber Shop. He employs 4 barbers and each barber aso receives a commission of $4.50 per haireut. pays each a base rate of $1,250 per month. One of the harbers serves as the manager and receves an extra $500 per month. In asdition to the base rate, Advertising hert 1200 pr month $1,100 per month $0.30 per hairout rber supplies $175 per morsh plus s0.2ao per hairout $25 per month Vin cumenty charges $10 per hairgut Detarmine the vanable costs per hairut and the total monthly famd coots (Round vartable coste te 2 dacimal plces e-s. 2.25 Total variabhe cost per haircut Click if you would like to Show Work for this quections Sse Wars uDExplanation / Answer
Solution:
Total Variable Cost per haircut
$$
Commission Per Haircut
$4.50
Barber Supplies per haircut
$0.30
Utilities per haircut
$0.20
Total Variable Cost per haircut
$5.00
Total Fixed Cost Per Month
Barbers Salary (4*1250)
$5,000
Extra Salary for Manager
$500
Advertising
$200
Rent
$1,100
Utilities
$175
Magazines
$25
Fixed Cost per month
$7,000
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Total Variable Cost per haircut
$$
Commission Per Haircut
$4.50
Barber Supplies per haircut
$0.30
Utilities per haircut
$0.20
Total Variable Cost per haircut
$5.00