Knots and Reynolds provides hair-cutting services in the local community. In February, the business cut the hair of 240 clients, earned SR 4,900 in revenues, and incurred SR 1,896 operating .costs. Calculate cost per service SR 28.32 per service .A SR 20.42 per service .B SR 7.90 per service SR 12.52 per service .D
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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 revenuesCalculating 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?Rutland Business Services (RBS) provides miscellaneous consulting and services to local businesses. In August, RBS worked for three clients. It worked 270 hours for Selden Contracting, 170 hours for Moenhart Insurance, and 230 hours for Englewood Medical Center. RBS bills clients at $545 an hour; its labor costs are $140 an hour. A total of 750 hours were worked in August with 80 hours not billable to clients. Overhead costs of $71,250 were incurred and were assigned to clients on the basis of direct labor-hours. Because 80 hours were not billable, some overhead was not assigned to jobs. RBS had $60,000 in marketing and administrative costs. All transactions were on account. Required:What are the revenue and cost per client? Prepare an income statement for August.
- Rutland Business Services (RBS) provides miscellaneous consulting and services to local businesses. In August, RBS worked for three clients. It worked 270 hours for Selden Contracting, 170 hours for Moenhart Insurance, and 230 hours for Englewood Medical Center. RBS bills clients at $500 an hour; its labor costs are $125 an hour. A total of 750 hours were worked in August with 80 hours not billable to clients. Overhead costs of $60,000 were incurred and were assigned to clients on the basis of direct labor-hours. Because 80 hours were not billable, some overhead was not assigned to jobs. RBS had $57,000 in marketing and administrative costs. All transactions were on account. Required: What are the revenue and cost per client? Prepare an income statement for August.Pretty Pillows, Mfg., manufactures silk throw pillows. Last month the company produced 3,890 pillows.The following incurred the following costs: Production facility utilities, $1,600; Depreciation on production equipment, $650; Indirect materials, $400; Direct materials, $5,300; Indirect labor, $1,000; Direct labor, $3,500; Sales commissions, $4,000; President's salary, $8,000; Insurance on production facility, $1,000; Advertising expense, $900; Rent on production facility, $6,000; Rent on sales office, $4,000; Legal expense, $600. WIP (beginning balance) $3,200 WIP (ending balance) $2,400 Calculate the cost of the pillows manufactured.Pretty Pillows, Mfg., manufactures silk throw pillows. Last month the company produced 3,890 pillows.The following incurred the following costs: Production facility utilities, $1,600; Depreciation on production equipment, $650; Indirect materials, $400; Direct materials, $5,300; Indirect labor, $1,000; Direct labor, $3,500; Sales commissions, $4,000; President's salary, $8,000; Insurance on production facility, $1,000; Advertising expense, $900; Rent on production facility, $6,000; Rent on sales office, $4,000; Legal expense, $600. WIP (beginning balance) $3,200 WIP (ending balance) $2,400 Determine the PRIME COST of manufacturing the pillows.
- The following cost data for the year just ended pertain to Sentiments, Inc., a greeting cardmanufacturer:Direct material ..................................................................................................... $2,100,000Advertising expense............................................................................................. 99,000Depreciation on factory building ......................................................................... 115,000Direct labor: wages.............................................................................................. 485,000Cost of finished goods inventory at year-end ...................................................... 115,000Indirect labor: wages............................................................................................ 140,000Production supervisor’s salary............................................................................. 45,000Service department…Castillo Corporation, a manufacturer, reports costs for the year as follows: Direct Materials Used $525,000 Wages to Line Workers 655,000 Office Rent 15,500 Indirect Materials Used 535,000 How much is the total period costs for Castillo? Question content area bottom Part 1 A.$ 655 comma 000 $655,000 B.$ 535 comma 000 $535,000 C.$ 525 comma 000 $525,000 D.$ 15 comma 500 $15,500Intricate Computer Solutions provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 400 customers and earned $60,000 in revenue. The individual business segment provided services to 200 customers and earned $35,000 in revenue. The variable costs for the corporate and individual business segments amounted to $33,000 and $25,300, respectively. Inaddition, the fixed costs of the company amounted to $8,000. Calculate the contribution margin from each corporate customer. (Round your answer to the nearest cent.)
- Ramsey ltd offers on-site, household appliance repairs to householders. Each month, there are 2300.00 direct labour hours worked on repairs to washing machines, dishwashers and freezers. During the most recent month, the business incurred the following expenses: £ Direct materials 8,000 Direct labour 30,000 Overheads 20,000 During the month, a dishwasher was repaired for a customer. Replacement parts cost £135 and a technician took 5 hours to carry out the repair work. The business uses the direct labour hour basis for overhead recovery and charges an additional 40% to the full cost of a job as a profit mark-up. What should be the price charged to the customer for repairs to the dishwasher? (All calculations to nearest pence.) Question content area bottom Part 1 The price charged to the customer for repairs to the dishwasher is £enter your response here .For August, Royal Consulting and Mediation Practice (RCMP) worked 900 hours for Alberta Company and 2,100 hours for Ontario Corporation. RCMP bills clients at the rate of $400 per hour; labor cost for its consulting staff is $200 per hour. The total number of hours worked in August was 3,000, and overhead costs were $60,000. Overhead is applied to clients at $24 per labor-hour. In addition, RCMP had $240,000 in marketing and administrative costs. All transactions are on account. All services were billed. Transaction Description (a) Record Labor cost (b) Record Applied Service Overhead (c) Record Cost of services billed (d) Record Actual Service Overhead Required: a. Show labor and overhead cost flows through T-accounts. b. Prepare an income statement for the company for August.Using ABM in a service company Haworth Company is a management consulting firm. The company expects to incur $167,500 of indirect costs this year. Indirect costs are allocated based on the following activities: Haworth bills clients at 120% of the direct labor costs. The company has estimated direct labor costs at $240 per hour. Last month, Haworth completed a consulting job for Client 76 and used the following resources: Determine the total cost of the consulting job and the operating income earned.