Hair Supplies Expense Wages Expense Utilities Expense Depreciation Expense-Equipment $ 950 548 190 60

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter10: Long-lived Tangible And Intangible Assets
Section: Chapter Questions
Problem 14E
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Calculating unit cost per service

Marx and Tyler provides hair-cutting services in the local community. In February, the business cut the hair of 190 clients, earned $4,800 in revenues, and incurred the following operating costs:

What was the cost of service to provide one haircut?

 

Hair Supplies Expense
Wages Expense
Utilities Expense
Depreciation Expense-Equipment
$ 950
548
190
60
Transcribed Image Text:Hair Supplies Expense Wages Expense Utilities Expense Depreciation Expense-Equipment $ 950 548 190 60
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