CourseLover

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    Devry University
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Category > Accounting Posted 20 Dec 2017 My Price 10.00

Find the contribution margin per haircut

Excel spreadsheet and 1-2 pages explaining your answer and how you got it, title page, abstract and reference pages must be included. Cite properly and sources may not be more than 10% of work. Citations must fit with your paper.

 

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. 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 calculations to support your answer.
  • Determine the annual break-even point, in number of haircuts. Support your answer with an appropriate explanation. Show calculations to support your answer.
  • What will be the operating income if 20,000 haircuts are performed? 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.

Answers

CourseLover
(12)
Status NEW Posted 20 Dec 2017 08:12 AM My Price 10.00

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