Samson,Inc How Much Was the Unit Cost Per Service? (Round Your

question 182

Multiple Choice

Samson,Inc.reported the following information for the year: $$\begin{array} { | l | r | } \hline \text { Service Revenue } & \$ 60,000 \\\hline \text { Operating Expenses } & 21,000 \\\hline \text { Net Income } & 39,000 \\\hline \text { Number of Services Provided for the Year } & 10,500 \\\hline\end{array}$$ How much was the unit cost per service? (Round your answer to the nearest cent. )

• A)$5.71
• B)$3.71
• C)$2.00
• D)$7.71

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry or the development of devices, systems, or methods to solve problems.

Inventory Carrying Costs

Expenses associated with storing unsold goods, including warehousing, insurance, taxes, depreciation, and opportunity costs.

Complexity

The quality or state of having multiple parts interconnected or interwoven in a manner that makes a system or problem difficult to understand, predict, or navigate.