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Fuchsia Inc Fuchsia Provided Services to 1,500 Clients in the Month of Company

question 61

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Fuchsia Inc. provides automobile services in the local community. The company provides the following information for the month of March:  Building Rent Expense $5,000 Depreciation Expense-Equipment 1,700 Supplies Expense 8,500 Utilities Expense 2,450\begin{array} { | l | r | } \hline \text { Building Rent Expense } & \$ 5,000 \\\hline \text { Depreciation Expense-Equipment } & 1,700 \\\hline \text { Supplies Expense } & 8,500 \\\hline \text { Utilities Expense } & 2,450 \\\hline\end{array} 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?

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Definitions:

Bilateral Contract

A contract involving two parties where each party makes a promise to the other.

Rescission

The act of revoking, canceling, or repealing a contract, returning all parties involved to their state prior to the agreement.

Common Law

is a legal system based on customs, court rulings, and past legal precedents rather than on written laws or statutes.

Breach

The violation or non-fulfillment of a legal obligation, contract, or duty.

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