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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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
|
|
|
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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