an runs a successful hairdressing salon in Riccarton. The type of costs incurred in providing services to clients are: Hairdressers' salaries Shampoo and conditioner (no individual records kept of usage) Colour and perm chemicals (individual records kept of usage per client) Electricity and gas Depreciation of equipment The direct costs incurred in washing and cutting the hair of a client would be: Select one: a.hairdresser's salary; shampoo and conditioner b.hairdresser's salary c.hairdresser's salary; shampoo and conditioner; electricity and gas d.all the costs mentioned above

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Jan runs a successful hairdressing salon in Riccarton. The type of costs incurred in providing services to clients are:

  • Hairdressers' salaries
  • Shampoo and conditioner (no individual records kept of usage)
  • Colour and perm chemicals (individual records kept of usage per client)
  • Electricity and gas
  • Depreciation of equipment

The direct costs incurred in washing and cutting the hair of a client would be:

Select one:
a.hairdresser's salary; shampoo and conditioner
b.hairdresser's salary
c.hairdresser's salary; shampoo and conditioner; electricity and gas
d.all the costs mentioned above 
e.none of the costs mentioned above
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education