1 to 2 page spreadsheet showing the calculations

Aug 12th, 2015
Sigchi4life
Category:
Accounting
Price: $40 USD

Question description

Consider the following scenario:

Andre has asked you to evaluate his business, Andre’s Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. by DNS-Keeper"> Rent and other fixed expenses are $1,750 per month. Hair shampoo used on all clients is $0.40 per client. Assume that the only service performed is the giving of haircuts (including shampoo), the unit price of which is $12. Andre has asked you to find the following information.

    Find the contribution margin per haircut. Assume that the barbers' compensation is a fixed cost. Show by DNS-Keeper"> calculations[img src="https://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.png"> to support by DNS-Keeper"> your answer.
  • haircuts[img src="https://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.png">[/a>. Support your answer with an appropriate explanation. Show calculations to support your answer.
  • Suppose Andre revises the compensation method. The barbers will receive $4 per hour plus $6 for each haircut. What is the new contribution margin per haircut? What is the annual break-even point (in number of haircuts)? Show calculations to support your answer.

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: Cornell University
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
darnay
Dec 6th, 2016
" The best tutor out there!!!! "
dontuwannaknow
Nov 27th, 2016
" Excellent work as always thanks so much "
SjSurvivor143
Nov 13th, 2016
" Thanks for the help. "
ddg82
Nov 4th, 2016
" Thanks, good work "
tinytim47
Oct 22nd, 2016
" Wow this is really good.... didn't expect it. Sweet!!!! "
jestin7
Oct 13th, 2016
" This tutor is great! "
mixedballz
Oct 8th, 2016
" excellent work as always thanks for the help "
lilmoe415
Sep 29th, 2016
" Thank you, Thank you, for top quality work, this is your guy!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors