solve plzz SERVICE Problems: Set A P22-1A Stan Loy owns the Vista Barber Shop....
50.1K
Verified Solution
Link Copied!
Question
Accounting
solve plzz
SERVICE Problems: Set A P22-1A Stan Loy owns the Vista Barber Shop. He employs five barbers and pays each a base Determine variable and rate of $1,000 per month. One of the barbers serves as the manager and receives an extra $500 fixed costs, compute per month. In addition to the base rate, each barber also receives a commission of $5.50 per break-even point, pre- haircut. pare a CVP graph, and determine net income. Other costs are as follows (SO 1,3,5,6) Advertising $200 per month Rent $900 per month Barber supplies $0.30 per haircut Utilities $175 per month plus $0.20 per haircut Magazines $25 per month Stan currently charges $10 per haircut. 1044 22 Cost-Volume-Profit Instructions (a) Determine the variable cost per haircut and the total monthly fixed costs. (6) 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 1,900 haircuts are given in a month
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
