Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 4 Days Ago
Questions Answered: 19234
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Accounting Posted 09 Jun 2017 My Price 11.00

the annual break-even point (in number of haircuts)

 

Due Date:  Tue, 3/7/17

Grading Type: Numeric

Points Possible:  150 

Points Earned:  0

Deliverable Length:  Excel spreadsheet and 1-2 pages

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Assignment Details

 Assignment 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. 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.

Using the information provided, provide a memo to Andre explaining the completed analysis and how he should use this information to monitor the operations of the barber shop.  The memo should explain the cost associated with the barber shop including their relationships.

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric.

 Other Information

THIS ASSIGNMENT IS DUE TONIGHT MARCH 7TH, 2017 AT 10PM CENTRAL STANDARD TIME.

IM PAYING A TOTAL OF $15.00 FOR THIS ASSIGNMENT.

PLEASE FOLLOW DIRECTIONS CAREFULLY. 

Answers

Dr Nick
(4)
Status NEW Posted 09 Jun 2017 10:06 AM My Price 11.00

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