Marx and Tyler provides​ hair-cutting services in the local community. In February​, the business cut the hair of 210 ​clients, earned   $5,000 in​ revenues, and incurred the following operating​ costs: 1​(Click the icon to view the operating​ costs.)   What was the cost of service to provide one​ haircut?   Select the formula​ labels, then enter the amounts and compute the cost of service of providing one haircut. ​(Round your answer to the nearest​ cent.)   (1)   ÷ (2)   = Unit haircut cost   ÷   =   1: Data Table Hair Supplies Expense $750 Wages Expense 927 Utilities Expense 125 Depreciation Expense—Equipment 46 (1)        Operating income   Total number of haircuts   Total operating costs   Total revenues (2)        Operating income   Total number of haircuts   Total operating costs   Total revenues

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Marx
and
Tyler
provides​ hair-cutting services in the local community. In
February​,
the business cut the hair of
210
​clients, earned  
$5,000
in​ revenues, and incurred the following operating​ costs:
1​(Click
the icon to view the operating​ costs.)
 
What was the cost of service to provide one​ haircut?
 
Select the formula​ labels, then enter the amounts and compute the cost of service of providing one haircut. ​(Round your answer to the nearest​ cent.)
 
(1)  
÷
(2)  
=
Unit haircut cost
 
÷
 
=
 
1: Data Table
Hair Supplies Expense
$750
Wages Expense
927
Utilities Expense
125
Depreciation Expense—Equipment
46
(1) 
 
 
 
Operating income
 
Total number of haircuts
 
Total operating costs
 
Total revenues
(2) 
 
 
 
Operating income
 
Total number of haircuts
 
Total operating costs
 
Total revenues
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