Top Posters
Since Sunday
19
18
l
7
B
6
q
6
t
6
s
5
l
5
j
5
5
j
4
z
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
drdoombot drdoombot
wrote...
Go to Answer
Posts: 85
Rep: 0 0
4 months ago
Jenny's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local mall, Jenny'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, Jenny schedules her 5 employees based on expected client traffic. Each of the employees is paid $1,200 per month, with part of their pay coming from client tips. Jenny pays rent and overhead costs of $2,000 per month for the facility. Because of the quick nature of the service, Jenny 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 $0.95 per client. The average price for a haircut is $12. Jenny pays herself $5,000 per month. What are Jenny's fixed costs for the month?

▸ $13,000

▸ $11,000

▸ $9,200

▸ $8,000
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 2 times
1 Reply
Replies
Answer verified by a subject expert
stanka82stanka82
wrote...
#1
Posts: 82
Rep: 0 0
4 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
$13,000

($1,200 × 5) + $2,000 + $5,000 = $13,000
1

Related Topics

drdoombot Author
wrote...

4 months ago
This calls for a celebration Person Raising Both Hands in Celebration
klyn
wrote...

Yesterday
This helped my grade so much Perfect
bahajo
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  324 People Browsing
 152 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 683
  
 2755
  
 116
Your Opinion
What's your favorite coffee beverage?
Votes: 258
Previous poll results: Who's your favorite biologist?