ChimneySweep provides cleaning services for residential chimneys and fireplaces. The cleaning service requires $22 in variable costs for cleaning materials. The fixed costs of labor, the company's truck, and administrative support are $390,480 per year. ChimneySweep averages 80 service calls per month Required: What is the average cost per cleaning service call? (Round your answer to 2 decimal places.) Average cost
ChimneySweep provides cleaning services for residential chimneys and fireplaces. The cleaning service requires $22 in variable costs for cleaning materials. The fixed costs of labor, the company's truck, and administrative support are $390,480 per year. ChimneySweep averages 80 service calls per month Required: What is the average cost per cleaning service call? (Round your answer to 2 decimal places.) Average cost
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:ChimneySweep provides cleaning services for residential chimneys and fireplaces. The cleaning service requires $22 in variable costs
for cleaning materials. The fixed costs of labor, the company's truck, and administrative support are $390,480 per year. ChimneySweep
averages 80 service calls per month
Required:
What is the average cost per cleaning service call? (Round your answer to 2 decimal places.)
Check my work
Average cost
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