Fixit

earned

$25,000

in service revenues for the month of

March

by repairing

300

windshields. All costs shown are considered to be directly related to the repair service.

Requirement 1. Prepare an income statement for the month of

March.

Fix-it
Income Statement
Month Ended March 31, 2024
Revenues:
Expenses:
Total Expenses
Operating Income (Loss)

Requirement 2. Compute the cost per unit of repairing one windshield. (Round your answer to the nearest cent.)

Cost per windshield =

Requirement 3. The manager of

Fixit

must keep the unit operating cost below

$80

per windshield in order to get his bonus. Did he meet the goal?

Did the manager meet the goal?

Salaries and wages	$7,000
Windshield repair materials	5,000
Depreciation on truck	150
Depreciation on building and equipment	800
Supplies used	350
Utilities	8,950