Business, 14.02.2020 02:03 jessezarate4513

Problem 18-02A a-b, d (Part Level Submission) Crane Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base rate of $1,490 per month. One of the barbers serves as the manager and receives an extra $600 per month. In addition to the base rate, each barber also receives a commission of $10.40 per haircut. Other costs are as follows. Advertising $220 per month Rent $950 per month Barber supplies $0.50 per haircut Utilities $195 per month plus $0.10 per haircut Magazines $30 per month Crane currently charges $20 per haircut.

Instructions

(a)

Determine the variable costs per haircut and the total monthly fixed costs.

(a) VC $5

(b)

Compute the break-even point in units and dollars.

(c)

Prepare a CVP graph, assuming a maximum of 1,800 haircuts in a month. Use increments of 300 haircuts on the horizontal axis and $3,000 on the vertical axis.

(d)

Determine net income, assuming 1,600 haircuts are given in a month.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 15:40

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.

Answers: 1

Answer

Business, 22.06.2019 20:30

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions

Answers: 3

Answer

Business, 22.06.2019 23:30

Which statement best describes entrepreneurship aitmakes people very rich b it relies on large financial investments c it is only possible in the retail industry d it requires creativity and ambition

Answers: 3

Answer

Business, 23.06.2019 02:30

Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u.s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.

Answers: 1

Answer

You know the right answer?

Problem 18-02A a-b, d (Part Level Submission) Crane Diesel owns the Fredonia Barber Shop. He employs...

Questions