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Question - Sarah's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local mall, Sarah's offers 15-minute haircuts for harried shoppers who do not have time for lengthy appointments. To ensure that the clients are in and out quickly, she schedules her 5 employees based on expected client traffic. Each of the employees is paid $1210 per month, with part of their pay coming from client tips. Sarah pays rent and overhead costs of $2300 per month on the facility. Because of the quick nature of the service, Sarah doesn't have time to clean combs in between clients, so she uses a new comb for each customer, at a cost of $0.60 each. She also provides shampoo and conditioner for each client at a cost of $1.00 per client. The average price for a haircut is $13. Sarah pays herself $5200 per month. What is Sarah's contribution margin per haircut?
What would be the bid on the job? Calculate the total production cost of the job for Husanti Industries using the current approach to allocating overhead.
On March 31, 2014, Bundy Corporation retired $10,000,000 of bonds, which have a liability balance on March 31, 2014 of 10,500,000, by paying bondholders $9,850,
Why an Executive Summary is essential to include in your Business Report. What is the difference between Findings and Discussions?
The income statement and a schedule reconciling cash flows from operating activities to net income are provided below for Macro Soft Corporation.
Ceradyne Manufacturing produces snow shovels. How much fixed manufacturing overhead is in ending inventory under full costing?
On January 9 of the next year, Kountry Repair was offered $300,000 for the land by a national retail chain. At what value should the land be recorded
A $3,000 payment for repairs was erroneously charged to the Cost of Goods Sold account. Assume that the perpetual inventory system is used.
Determine whether Mountain Air should continue to make the electric motor or outsource it from Mini Motor Company. Calculate the net advantage
If $39400 are incurred at 24400 direct labor hours, the flexible budget report should show the following difference for indirect materials?
Determine the amount of sales (units) that would be necessary under the proposed program to realize the $56,700,000 of operating income
The investment will require an investment of $40,000. It will have a useful life of 2 years, Calculate the net present value of the investment
The interest rate is 4.0% per year. How much interest expense will be paid on August 31, 2018? (Round your answer to the nearest whole dollar.)
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