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Fix-it repairs chips in car windshields. The company incurred the following operating costs for the month of March 2024: (Click the icon to view the operating costs.) Fix-it earned $30,000 in service revenues for the month of March by repairing 300 windshields. All costs shown are considered to be directly related to the repair service. Read the requirements. Requirement 1. Prepare an income statement for the month of March. Revenues: Expenses: Fix-it Income Statement Month Ended March 31, 2024 Data table Salaries and wages Windshield repair materials Depreciation on truck Depreciation on building and equipment Supplies used Utilities Total Expenses Operating Income (Loss) Requirement 2. Compute the cost per unit of repairing one windshield. (Round your answer to the nearest cent.) Cost per windshield = Print Don Requirement 3. The manager of Fix-it must keep the unit operating cost below $60 per windshield in order to get his bonus. Did he meet the goal? Did the manager meet the goal? $ 13,000 4,800 150 800 350 1,300

Fix-it repairs chips in car windshields. The company incurred the following operating costs for the month of March 2024: (Click the icon to view the operating costs.) Fix-it earned $30,000 in service revenues for the month of March by repairing 300 windshields. All costs shown are considered to be directly related to the repair service. Read the requirements. Requirement 1. Prepare an income statement for the month of March. Revenues: Expenses: Fix-it Income Statement Month Ended March 31, 2024 Data table Salaries and wages Windshield repair materials Depreciation on truck Depreciation on building and equipment Supplies used Utilities Total Expenses Operating Income (Loss) Requirement 2. Compute the cost per unit of repairing one windshield. (Round your answer to the nearest cent.) Cost per windshield = Print Don Requirement 3. The manager of Fix-it must keep the unit operating cost below $60 per windshield in order to get his bonus. Did he meet the goal? Did the manager meet the goal? $ 13,000 4,800 150 800 350 1,300

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Fix-it repairs chips in car windshields. The company incurred the following operating costs for the month of March 2024: (Click the icon to view the operating costs.) Fix-it earned $30,000 in service revenues for the month of March by repairing 300 windshields. All costs shown are considered to be directly related to the repair service. Read the requirements. Requirement 1. Prepare an income statement for the month of March. Revenues: Expenses: Fix-it Income Statement Month Ended March 31, 2024 (...) Data table Salaries and wages Windshield repair materials Depreciation on truck Depreciation on building and equipment Supplies used Utilities Total Expenses Operating Income (Loss) Requirement 2. Compute the cost per unit of repairing one windshield. (Round your answer to the nearest cent.) Cost per windshield = Print Done Requirement 3. The manager of Fix-it must keep the unit operating cost below $60 per windshield in order to get his bonus. Did he meet the goal? Did the manager meet the goal? S 13,000 4,800 150 800 350 1,300
Transcribed Image Text:Fix-it repairs chips in car windshields. The company incurred the following operating costs for the month of March 2024: (Click the icon to view the operating costs.) Fix-it earned $30,000 in service revenues for the month of March by repairing 300 windshields. All costs shown are considered to be directly related to the repair service. Read the requirements. Requirement 1. Prepare an income statement for the month of March. Revenues: Expenses: Fix-it Income Statement Month Ended March 31, 2024 (...) Data table Salaries and wages Windshield repair materials Depreciation on truck Depreciation on building and equipment Supplies used Utilities Total Expenses Operating Income (Loss) Requirement 2. Compute the cost per unit of repairing one windshield. (Round your answer to the nearest cent.) Cost per windshield = Print Done Requirement 3. The manager of Fix-it must keep the unit operating cost below $60 per windshield in order to get his bonus. Did he meet the goal? Did the manager meet the goal? S 13,000 4,800 150 800 350 1,300
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