What are sandra fixed costs for the month

Assignment Help Financial Accounting
Reference no: EM132770109

Problem 1: Sandra's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local mall, Sandra's offers 15-minute haircuts with a shampoo for harried shoppers who do not have time for lengthy appointments. To ensure that the clients are in and out quickly, Sandra schedules her 6 employees based on expected client traffic. Each of the employees is paid $1270 per month, with part of their pay coming from client tips. Sandra pays rent and overhead costs of $2200 per month for the facility. Because of the quick nature of the service, Sandra doesn't have time to clean combs in between clients, so she uses a new comb for each customer, at a cost of $0.55 each. She also provides shampoo and conditioner for each client at a cost of $0.90 per client. The average price for a haircut is $14. Sandra pays herself $6000 per month. What are Sandra's fixed costs for the month

Option 1: $13620
Option 2: $9820
Option 3: $11090
Option 4: $15820

Reference no: EM132770109

Questions Cloud

What is the recognized gain or loss : A fair market value of $200,000 for rental house at the mountains with a fair market value of $180,000 and cash of $20,000. What is the recognized gain or loss
Project report drawing conclusions on the outcome of project : Produce a project report analysing the outcomes of each of the project processes and stages and Present the project report drawing conclusions on the outcome
What is sharon contribution margin per haircut : The average price for a haircut is $13. Sharon pays herself $5600 per month. What is Sharon's contribution margin per haircut?
Describing potential computer security problem : Describing a potential computer security problem related to that system.
What are sandra fixed costs for the month : Sandra's Cutting Station offers, The average price for a haircut is $14. Sandra pays herself $6000 per month. What are Sandra's fixed costs for the month?
Select an appropriate engineering-based project : Select an appropriate engineering-based project, giving reasons for the selection - Conduct project activities, recording progress against original project plan
Is something lost digitally : What is different? What is the same? Is something lost digitally? Is something gained digitally?
How much total amount due to z as of date of retirement : Personal receivable of Z and deposited the same for the account of the partnership. How much is the total amount due to Z as of the date of retirement?
What are the capital balances of reyes and suarez : The partners agreed further to pay Perez P195,000 in settlement of his interest. What are the capital balances of Reyes and Suarez after the retirement of Perez

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate federal tax payable before consideration

Canadian resident Marcus Alonso has calculated his Taxable Income to be 107,762. Calculate his 2019 federal Tax Payable before consideration of credits

  How to determine the fair value of the debentures

Determine if the debenture is issued premium or discount?discuss the disclosure requirement for these kinds of events in future.

  Compute the non-controlling interest of demers at december

Compute the non-controlling interest in the net income of Demers at December 31, 2011. Compute the non-controlling interest of Demers at December 31, 2011.

  How much would have in account after six months

How much would have in account after six months?Suppose you decide to deposit $23,000 into a savings account that pays a nominal rate

  Discuss transition methods of this new revenue standard

Discuss transition methods of this new revenue standard, i.e., how an entity should apply this new standard for the first time. Which transition method do users/investors of financial statements likely prefer? Why?

  What amount is carrying value of the asset related to lease

On January 1 of the current year, What amount is the carrying value of the asset related to this lease at December 31, of the current year?

  Changes and error analysis

A company changes from an accounting principle that is not generally accepted to one that is generally accepted. The effect of the change

  Report for the insurance company

Suzuki is fully insured for fire losses but must prepare a report for the insurance company.Compute the gross profit rate for November.

  How many personal and dependency exemption may carters claim

They also supoort Peggy (age 66), who is a friend of the family and lives with them. how many personal and dependency exemptions may the Carters claim?

  Illustrate what is the effective annual interest rate

You can purchase the equipment through the dealer's finance company over time and it will cost an additional $12,000 in interest. Illustrate what is the effective annual interest rate you will be paying using each of the following methods?

  What sales growth percentages will be reported for cancorp

What sales growth percentages (20X2 v. 20X1) will be reported for Cancorp, based on both its Canadian dollar income statements and its U.S. dollar

  Companies use the periodic inventory system

Journalize these transactions, first on the books of Arnold Drug Stores and second on the books of Gerson Pharmaceuticals. Assume both companies use the periodic inventory system.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd