Happy Maids Cleaning Service, Inc has the following data for the year ending December 31, 20XX Service Revenue $504,000 Variable costs 141,600 The company incurred $24,000 as fixed costs The company cleaned 2,400 homes during the year What is the average revenue per home Question content area bottom Part 1 A $10 B $200 C $59 D $210

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 31, 2024

Happy Maids Cleaning Service, Inc. has the following data for the year ending December 31, 20XX. Service Revenue $504,000 Variable costs 141,600 The company incurred

Happy Maids Cleaning Service, Inc. has the following data for the year ending December 31, 20XX.

Service Revenue	$504,000
Variable costs	141,600

The company incurred $24,000 as fixed costs.The company cleaned 2,400 homes during the year. What is the average revenue per home?

Question content area bottom

Part 1

$10

$200

$59

$210

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Cost Accounting

Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster

4th edition

1405888202, 978-0273711490, 273711490, 978-1405888202

More Books

Students also viewed these Accounting questions

Question

★★★★★

On January 1, 20x1, Allan Co. purchased 400,000 bonds for 392,000. The bonds mature on January 1, 20x5 and pay 12% annual interest beginning January 1, 20x2. Transaction costs are negligible. The...

Answered: 1 week ago

Question

★★★★★

During December, the capital budget indicates a $280,000 purchase of equipment. The ending December cash balance is budgeted to be $40,000. The company wants to maintain a minimum cash balance of...

Answered: 1 week ago

Question

★★★★★

Indicate whether each of the following statements is true or false by writing T or F i n t he a nswer c olumn. A design defect is a hazardous condition that exists throughout an entire product line.

Answered: 1 week ago

Question

★★★★★

1. Think for a moment about some aspect of human behavior that has piqued your curiosity in recent days. Perhaps you observed an aggressive driver or children playing a game. Formulate a question...

Answered: 1 week ago

Question

★★★★★

The balance sheet for Kamel Corporation follows. Required Compute the following. $ 240,000 760,000 $1,000,000 $ 150,000 450,000 Current assets Long-term assets (net) Total assets Current liabilities...

Answered: 1 week ago

Question

★★★★★

Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of...

Answered: 1 week ago

Question

★★★★★

A small branch of Avon Cosmetics in Tuao, Cagayan employs Amelia Rodriguez as Branch Manager and Mary Gonzales as her sales assistant. The Branch uses a bank account in Tuao, Cagayan to pay for...

Answered: 1 week ago

Question

★★★★★

Gary was driving back to the office from his off-site construction job on Friday. He had put in a long week and just wanted to go home. But a text from William back in the office reminded him to...

Answered: 1 week ago

Question

★★★★★

The next exercise is designed to use an interactive visualization tool. The file LaptopSales.csv is a comma-separated file with nearly 300,000 rows. It has been provided by ENBIS (the European...

Answered: 1 week ago

Question

★★★★★

Dr. Guest discussed the concept of "resource recovery" as a potential solution to sanitation challenges faced by developing communities. Using the information provided in the video and your own...

Answered: 1 week ago

Question

★★★★★

Problem 2-20 (Algo) Plantwide versus Multiple Predetermined Overhead Rates: Service Industry (LO2-1, LO2-2, LO2-3, LO2-4] McCullough Hospital uses a job-order costing system to assign costs to its...

Answered: 1 week ago

Question

★★★★★

Year end is 31 December. XYZ decided to change the method of valuation of raw materials from the weighted average cost method to FIFO. Change In accounting policy has been accounted for during the...

Answered: 1 week ago

Question

★★★★★

Comparatlve data on three companles In the same service Industry are given below. Requlred: 2. Fill in the missing Information. (Round the "Turnover" and "ROI" answers to 2 decimal places.)

Answered: 1 week ago

Question

★★★★★

$10,000 was borrowed at 3.5% on July 17. The borrower repaid $5000 on August 12, and $2000 on September 18. What final payment is required on November 12 to fully repay the loan?

Answered: 1 week ago

Question

★★★★★

To recognize the responsibility hospitality managers have to protect the safety and security of guests and employees in hospitality operations.

Answered: 1 week ago

Question

★★★★★

Department A is the first stage of Martinez Companys production cycle. The following information is available for conversion costs for the month of April: Units Beginning work in process (60%...

Answered: 1 week ago

Question

★★★★★

Franks Chips uses the weighted-average method to account for its WIP inventories. The accounting records show the following information for a particular day: Beginning WIP inventory: Direetinnate...

Answered: 1 week ago

Previous Question Next Question