solution? Umousines (EL) operates a fleet vehicles rented to customers for prams

Question

solution?

Umousines (EL) operates a fleet vehicles rented to customers for prams, weddngs, and business everns ustamers are charged a flat fee per vehicle plus an hourly fee per vehicle. The income statement for EL for the month of May is preiented below # mes rented rental fee per lima a hours per limo rental fee per hour driver wages per hour 225 5240.00 7.co $85.00 538.00 $14.00 $87,000 fuel cost per hour maintenance, insurance, advertising, and administrative expenses HP Pailian x350 Your 360 entertainment reva (1) Compiete the income statement shown below. (5 points) wages fuel costs fixed costs operating income

Explanation / Answer

1) Income statement

Revenue ( 225 X 240) + (225 X 7 X 85) = 187,875

Operating expenses:

Driver wages (225 X 7 X 38) = (59850)

Fuel costs (225 X 7 X 14) = (22050)

Fixed costs = (87,000)

Operating income = 18975

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.