Knots and Reynolds provides hair-cutting services in the local community. In February, the business cut the hair

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Knots and Reynolds provides hair-cutting services in the local community. In February, the business cut the hair of 240 clients, earned $4,900 in revenues, and incurred the following operating costs:
Hair Supplies Expense....... $ 375
Wages Expense......... 1,321
Utilities Expense..................... 150
Depreciation Expense—Equipment. 50
What was the cost of service to provide one haircut?
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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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