Reference no: EM132549451
Alonzo owns a barber where he employs five barbers and pays each a base rate of P2000 per month. One of the barbers acts as the manager and receives an extra P3000 per month. In addition to the base rate, each barber is paid a commission of P20 per haircut. A barber can do a average of 6 haircuts a day.
The barber shop is open 24 days a month. Other cost incurred are as follows:
Advertising P 1000 per month
Rent 4000 per month
Barber Supplies 400 per month
Utilities 1750 per month and 25 per haircut
Magazines 250 per month
Cleaning Supplies 15 per haircut
Currently Alonzo charges P100 per haircut
Requirement
Question 1. Compute the break-even in number of haircuts and in total pesos
Question 2. In March, 1400 haircuts were given, compute the net income
Question 3. Alonzo wants a net income of P25,000, compute the number of haircuts that must be given
Question 4. If Alonzo wants a net income of P40,000, and 1,500 haircuts were given, how much must be the amount charge per haircut.
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