Floyd's Barbershop Has Fixed Costs of $3,000 Per Month

question 101

Multiple Choice

Floyd's Barbershop has fixed costs of $3,000 per month. Floyd currently breaks-even when it performs 400 haircuts a month. Floyd charges customers $10 per cut. What is Floyd's variable cost per cut?

• A) $2.50
• B) $7.50
• C) $17.50
• D) $1.33

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Definitions:

Apical Pulse

A central pulse located at the apex of the heart.

Heat Exhaustion

The result of excessive heat and dehydration; signs include pallor, dizziness, nausea, vomiting, fainting, and a moderately increased temperature (38.5°C to 39°C).

Malignant Hyperthermia

A pharmacogenetics disease that can be triggered by exposure to certain anesthetic agents; signs include elevated carbon dioxide production, profuse sweating, tachycardia, and skeletal muscle rigidity, prior to developing a life-threatening rapid increase in core body temperature.

Hyperpyrexia

An extremely high body temperature or fever, typically above 41.1 degrees Celsius (106 degrees Fahrenheit), which can be life-threatening.