Fuchsia Inc

question 88

Multiple Choice

Fuchsia Inc. provides automobile services in the local community. The company provides the following information for the month of March: Fuchsia provided services to 1,500 clients in the month of March and generated $20,500 as revenue. How much is the cost per service?

• A)$11.77
• B)$5.18
• C)$13.67
• D)$10.63

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Definitions:

Normal Standards

Guidelines or benchmarks used for measuring or evaluating performance, quality, or compliance in various fields.

Production Contingencies

Unplanned or unexpected events that can affect the production process, requiring a company to adapt its resources or schedules.

Actual Costs

The true, total amount spent on goods or services, factoring in all relevant expenses.

Standard Costs

Predetermined costs assigned to goods and services, used as a benchmark for evaluating actual performance and cost control.