Answered step by step
Verified Expert Solution
Question
1 Approved Answer
HELP I ONLY HAVE 2 HOURS TO COMPLETE THIS QUESTION, ITS 9AM 5/15 Janice Huffman has decided to start Gibson Cleaning, a residential housecleaning service
HELP I ONLY HAVE 2 HOURS TO COMPLETE THIS QUESTION, ITS 9AM 5/15
Janice Huffman has decided to start Gibson Cleaning, a residential housecleaning service company. She is able to rent cleaning equipment at a cost of $710 per month. Labor costs are expected to be $70 per house cleaned and supplies are expected to cost $9 per house. Required a. Determine the total expected cost of equipment rental and the average expected cost of equipment rental per house cleaned, assuming that Gibson Cleaning cleans 10,20 , or 30 houses during one month. Is the cost of equipment a fixed or a variable cost? b. Determine the total expected cost of labor and the average expected cost of labor per house cleaned, assuming that Gibson Cleaning cleans 10,20 , or 30 houses during one month. Is the cost of labor a fixed or a variable cost? c. Determine the total expected cost of supplies and the average expected cost of supplies per house cleaned, assuming that Gibson Cleaning cleans 10,20 , or 30 houses during one month. Is the cost of supplies a fixed or a variable cost? d. Determine the total expected cost of cleaning houses, assuming that Gibson Cleaning cleans 10, 20, or 30 houses during one month. e. Determine the average expected cost per house, assuming that Gibson Cleaning cleans 10,20 , or 30 houses during one month. Complete this question by entering your answers in the tabs below. Determine the total expected cost of equipment rental and the average expected cost of equipment rental per house cleaned, assuming that Gibson Cleaning cleans 10,20 , or 30 houses during one month. Is the cost of equipment a fixed or a variable cost? (Round "Average per unit" answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Determine the total expected cost of labor and the average expected cost of labor per house cleaned, assuming that Gibson Cleaning cleans 10,20 , or 30 houses during one month. Is the cost of labor a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Determine the total expected cost of supplies and the average expected cost of supplies per house cleaned, assuming hat Gibson Cleaning cleans 10,20 , or 30 houses during one month. Is the cost of supplies a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Determine the total expected cost of cleaning houses, assuming that Gibson Cleaning cleans 10, 20, or 30 houses during one month. Complete this question by entering your answers in the tabs below. Determine the average expected cost per house, assuming that Gibson Cleaning cleans 10, 20, or 30 houses during one month. (Round your answers to 2 decimal places.) 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