value income statement paul rsquo s limo service has the following information for j 690877

1

A

B

C

D

2

Sales revenue

$ 50,000

3

Variable costs of operations, excluding labor costs^a

15,000

4

Employee wages and salaries^b

20,000

5

Manager salaries^c

4,000

6

Fixed cost of automobiles^d

5,000

7

Building costs (rent, utilities, etc.)^e

2,500

8

9

^a5 percent of this cost was wasted due to poor directions given to limo drivers.

10

^b5 percent of this cost was for time spent by limo drivers because of poor directions.

11

^c10 percent of this cost was time taken to address customer complaints.

12

^dThe limos have 40 percent unused capacity.

13

^eThe building has 10 percent unused capacity.

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