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Calculate the break-even point in units and dollars

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Question - The Peace Barber Shop employs four barbers. One barber, who also serves as the manager, is paid a salary of $1,770 per month. The other barbers are paid $1,340 per month. In addition, each barber is paid a commission of $2 per haircut. Other monthly costs are as follows: store rent $780 plus 60 cents per haircut; depreciation on equipment $480; barber supplies 40 cents per haircut; utilities $340; and advertising $240. The price of a haircut is $13.

Required -

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

Calculate the break-even point in units and dollars.

Determine the operating income, assuming 1,580 haircuts are given in a month.

Reference no: EM132566427

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