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Unit Costs in a Service Business Roll in the Hay, Inc., provides harvesting services. In June, the business earned $3, 600 by cutting, turning, and
Unit Costs in a Service Business Roll in the Hay, Inc., provides harvesting services. In June, the business earned $3, 600 by cutting, turning, and baling 6, 000 bales. During the month, the following costs were incurred: gas, $900; tractor maintenance, $360; and labor, $1, 200. Annual tractor depreciation is $3, 000. What was the company's cost per bale? What was its revenue per bale? Round your answers to the nearest cent. Cost per bale $ .91 Revenue per bale $ .6 Should the price per bale be increased? No, the company is currently covering its costs and making an adequate profit. The following partially completed table will help you to organize the information for this requirement
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