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Determine the unit variable costs per haircut

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Reference no: EM133006530

William Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1,510 per month. One of the barbers serves as the manager and receives an extra $580 per month. In addition to the base salary, each barber also receives a commission of $8.40 per haircut.

Other costs are as follows.

Advertising $300 per month
Rent $1,020 per month
Barber supplies $0.45 per haircut
Utilities $150 per month plus $0.15 per haircut
Magazines $30 per month

William currently charges $18.00 per haircut.

Problem 1: Determine the unit variable costs per haircut and the total monthly fixed costs.

Reference no: EM133006530

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