4 MILESTONE 3 - Income Statement 5 6 7 8 INSTRUCTIONS: Complete the Statement in proper form Revenue will be provided in an Announcement at the end of Module 4 (based on actual number of services for your pricing levels) 9 10 11 12 13 14 15 16 Additional Information necessary to complete the Income Statement: General & Administrative Salaries paid = $1,200 Advertising = $100 Cleaning Products = $120 Depreciation = $83 Rent = $650 Loan = $420 Utilities & Insurance = $600 17 18 19 20 21 22 23 24 25 26 Lookin' Dog Gone Good Dog-Grooming Income Statement For the Month Ended January 31, xocx 28 29 30 31 Revenue: Grooming Day Care Boarding Tota Revenue Cost of Services Profit $ 33 34 $ 36 37 38 39 40 41 Expenses G&A Salaries Advertising Cleaning Products Depreciation Rent Loan Utilities and Insurance Total Expenses 42 43 44 S Net Income / Loss $ 46 47 48 49 50 51 52 * Cost of Goods Sold = Cost of Services There is no finished goods inventory to maintain 54 A 357.14 -2 AB Based on 5 grooms per day GROOMING Fard Costs Variable Costs Item Item $ Shampoo Clipper(s) Bowls Towels Scissors 104 1.37 0.72 5.83 101 Groomer Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs 2080.01 30.95 20.00 28.57 3.95 2.08 2.36 200.00 $ 2,367.91 Total Variable Costs 9.97 Based on 22 dogs per day for six days a week. Assume 25 operating days for kennel and 22 eight-hour work days for kennel attendant DAY CARE Item Variable Costs Item Fixed Costs Day care attendant $ 2.88 Rent $ 232 14 Toys 0.27 Loan 150.00 Bowls 0.10 Utilities and Insurance 214.29 Towels 1.40 Depreciation on heating system 29.64 Cleaning Products: Odoban 15.59 Cleaning Products: Simple Green 16.78 Draw 200.00 Total Variable Costs $ 4.74 Total Fixed Costs $ 858.44 $ 3 Based on 12 dogs per day. Assume 22 eight-hour work days for kennel attendant. BOARDING Item Variable Costs Item Kennel attendant 5.62 Depreciation on kennels Bowls 0.86 Rent Towels 0.87 Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Variable Costs $ 7.35 Total Fixed Costs Fixed Costs 80.00 386.90 250.00 357.14 49.40 25.98 29.55 200.00 3 5 8 9 $ 1,378.97 -1 2 3 35 56 Company Profile Cost Classification Variable Fixed Instructions - Milestone 2 Contribution Margin Analysis 4 MILESTONE 3 - Income Statement 5 6 7 8 INSTRUCTIONS: Complete the Statement in proper form Revenue will be provided in an Announcement at the end of Module 4 (based on actual number of services for your pricing levels) 9 10 11 12 13 14 15 16 Additional Information necessary to complete the Income Statement: General & Administrative Salaries paid = $1,200 Advertising = $100 Cleaning Products = $120 Depreciation = $83 Rent = $650 Loan = $420 Utilities & Insurance = $600 17 18 19 20 21 22 23 24 25 26 Lookin' Dog Gone Good Dog-Grooming Income Statement For the Month Ended January 31, xocx 28 29 30 31 Revenue: Grooming Day Care Boarding Tota Revenue Cost of Services Profit $ 33 34 $ 36 37 38 39 40 41 Expenses G&A Salaries Advertising Cleaning Products Depreciation Rent Loan Utilities and Insurance Total Expenses 42 43 44 S Net Income / Loss $ 46 47 48 49 50 51 52 * Cost of Goods Sold = Cost of Services There is no finished goods inventory to maintain 54 A 357.14 -2 AB Based on 5 grooms per day GROOMING Fard Costs Variable Costs Item Item $ Shampoo Clipper(s) Bowls Towels Scissors 104 1.37 0.72 5.83 101 Groomer Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs 2080.01 30.95 20.00 28.57 3.95 2.08 2.36 200.00 $ 2,367.91 Total Variable Costs 9.97 Based on 22 dogs per day for six days a week. Assume 25 operating days for kennel and 22 eight-hour work days for kennel attendant DAY CARE Item Variable Costs Item Fixed Costs Day care attendant $ 2.88 Rent $ 232 14 Toys 0.27 Loan 150.00 Bowls 0.10 Utilities and Insurance 214.29 Towels 1.40 Depreciation on heating system 29.64 Cleaning Products: Odoban 15.59 Cleaning Products: Simple Green 16.78 Draw 200.00 Total Variable Costs $ 4.74 Total Fixed Costs $ 858.44 $ 3 Based on 12 dogs per day. Assume 22 eight-hour work days for kennel attendant. BOARDING Item Variable Costs Item Kennel attendant 5.62 Depreciation on kennels Bowls 0.86 Rent Towels 0.87 Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Variable Costs $ 7.35 Total Fixed Costs Fixed Costs 80.00 386.90 250.00 357.14 49.40 25.98 29.55 200.00 3 5 8 9 $ 1,378.97 -1 2 3 35 56 Company Profile Cost Classification Variable Fixed Instructions - Milestone 2 Contribution Margin Analysis