| Exercise 2.96 | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | SOLUTION |
|---|---|---|---|---|
| Number of Customers | ||||
| Monday to Friday | 5 days x 5 hours x 2 customers x 4 assistants | |||
| 200 | Customers | |||
| Saturday | 1 day x 8 hours x 3 customers x 4 assistants | |||
| 96 | Customers | |||
| Total | (200 Customers x 96 Customers) x 48 weeks | |||
| 14208 | Customers | |||
| Snippit Annual Service Cost Statement | ||||
| £ | ||||
| Wages | 61056 | |||
| Bonus | 28416 | |||
| Shampoo | 2841.6000000000004 | |||
| Refreshments | 5683.200000000001 | |||
| Disposables | 1420.8000000000002 | |||
| Electricity | 2534.4 | |||
| Administration | 4000 | |||
| Rent | 10000 | |||
| Insurance | 1500 | |||
| Repairs and Cleaning | 3000 | |||
| Laundry | 2500 | |||
| Advertising | 500 | |||
| Depreciation | 3476 | |||
| Loan Interest | 2000 | |||
| TOTAL COST | 128928 | |||
| NOTES | ||||
| Wages | Basic | £8 x 25 hours x 4 assistants x 48 weeks | ||
| 38400 | ||||
| Overtime | £12 x 8 hours x 4 assistants x 48 weeks | |||
| 18432 | ||||
| Holiday | £8 x 33 hours x 4 assistants x 4 weeks | |||
| 4224 | ||||
| Total | 61056 | |||
| Bonus | 14208 customers x £2 | |||
| 28416 | ||||
| Shampoo | 5 bottles x 4 assistants x 48 weeks | |||
| 960 | bottles | |||
| 960 bottles / 12 bottles | ||||
| 80 | cases | |||
| 80 cases x £35.52 | ||||
| 2841.6000000000004 | ||||
| Refreshments | 14208 customers x £0.40 | |||
| 5683.200000000001 | ||||
| Disposables | 14208 customers x £0.10 | |||
| 1420.8000000000002 | ||||
| Electricity | Total Hours | ((25x48) + (8x48) x 4 assistants) x £0.40 | ||
| 6336 | hours | |||
| Total Hours x £0.40 | ||||
| 6336 hours x £0.40 | ||||
| 2534.4 | ||||
| Depreciation | Chairs | 10% Reduced Balance | ||
| 10% x 2880 | ||||
| 288 | ||||
| Dryers | 10% Reduced Balance | |||
| 10% x £800 | ||||
| 80 | ||||
| Basins | 10% Reduced Balance | |||
| 10% x £580 | ||||
| 58 | ||||
| Fittings | 25% Straight Line | |||
| 25% x £12000 | ||||
| 3000 | ||||
| Equipment | 25% Straight Line | |||
| 25% x £200 | ||||
| 50 | ||||
| Total | 3476 | |||
| Loan Interest | 10% x £20000 | |||
| 2000 | ||||
| Operating Cost per Customer | ||||
| Total Cost / Number of Customers | ||||
| 128928 / 14208 | ||||
| 9.074324324324325 | ||||
| 9.074324324324325 | ||||
| Price per Customer | ||||
| Operating Cost per Customer | 9.07 | |||
| Add Profit Margin (20%) | 2.2675 | |||
| Price per Customer | 11.3375 |