Andre has asked you to evaluate his business Andres Hair Styling. Andre has five

Andre has asked you to evaluate his business Andres 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 $1750 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.Grading CriteriaPercentageFind the contribution margin per haircut.25%Determine the annual break-even point in number of haircuts.25%What will be the operating income if 20000 haircuts are performed?25%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)?25%