Janice Huffman has decided to start Finch Cleaning, a residential housecleaning service company. She Is able to rent cleaning equipment at a cost of $700 per month. Labor costs are expected to be $75 per house cleaned and supplies are expected to cost $9 per house. Required a. Determine the total expected cost of equlpment rental and the average expected cost of equipment rental per house cleaned, assuming that Finch Cleaning cleans 15, 25, or 35 houses durtng one month. Is the cost of equipment a fixed or a varlable cost? b. Determine the total expected cost of labor and the average expected cost of labor per house cleaned, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. Is the cost of labor a fixed or a varlable cost? c. Determine the total expected cost of supples and the average expected cost of supplies per house cleaned, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. Is the cost of supplies a fixed or a vartable cost? d. Determine the total expected cost of cleaning houses, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. e. Determine the average expected cost per house, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Determine the total expected cost of cleaning houses, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. 15 25 35 No. of Houses Cleaned 1,885 2.100S 2.940 Total expected cost < Required C Required E>
Janice Huffman has decided to start Finch Cleaning, a residential housecleaning service company. She Is able to rent cleaning equipment at a cost of $700 per month. Labor costs are expected to be $75 per house cleaned and supplies are expected to cost $9 per house. Required a. Determine the total expected cost of equlpment rental and the average expected cost of equipment rental per house cleaned, assuming that Finch Cleaning cleans 15, 25, or 35 houses durtng one month. Is the cost of equipment a fixed or a varlable cost? b. Determine the total expected cost of labor and the average expected cost of labor per house cleaned, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. Is the cost of labor a fixed or a varlable cost? c. Determine the total expected cost of supples and the average expected cost of supplies per house cleaned, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. Is the cost of supplies a fixed or a vartable cost? d. Determine the total expected cost of cleaning houses, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. e. Determine the average expected cost per house, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Determine the total expected cost of cleaning houses, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month. 15 25 35 No. of Houses Cleaned 1,885 2.100S 2.940 Total expected cost < Required C Required E>
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Need help with total expected cost
Transcribed Image Text:### Assignment 1
#### Janice Huffman has decided to start Finch Cleaning, a residential housecleaning service company. She is able to rent cleaning equipment at a cost of $700 per month. Labor costs are expected to be $75 per house cleaned and supplies are expected to cost $9 per house.
### Required
1. **Determine the total expected cost of equipment rental and the average expected cost of equipment rental per house cleaned, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month.** Is the cost of equipment a fixed or a variable cost?
2. **Determine the total expected cost of labor and the average expected cost of labor per house cleaned, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month.** Is the cost of labor a fixed or a variable cost?
3. **Determine the total expected cost of supplies and the average expected cost of supplies per house cleaned, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month.** Is the cost of supplies a fixed or a variable cost?
4. **Determine the total expected cost of cleaning houses, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month.**
5. **Determine the average expected cost per house, assuming that Finch Cleaning cleans 15, 25, or 35 houses during one month.**
#### Complete this question by entering your answers in the tabs below.
### Input Table
The following table summarizes the expected costs based on the number of houses cleaned (15, 25, or 35):
| **No. of Houses Cleaned** | **15** | **25** | **35** |
|----------------------------|------------|------------|------------|
| **Total Expected Cost** | $1,885 | $2,100 | $2,940 |
### Explanation:
1. **Equipment Rental Costs:**
- Total Monthly Equipment Rental Cost: $700 (fixed cost)
- Average Cost per House:
- 15 Houses: $700 / 15 = $46.67
- 25 Houses: $700 / 25 = $28
- 35 Houses: $700 / 35 = $20
2. **Labor Costs:**
- Labor Cost per House: $75 (variable cost)
- Total Labor Costs:
- 15 Houses:
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