Question
Calculating income and cost per service for a service company. 1. $9,304 Buddy Grooming provides grooming services for pets. In April, the company earned $16,300
Calculating income and cost per service for a service company. 1. $9,304
Buddy Grooming provides grooming services for pets. In April, the company earned $16,300 in revenues and incurred the following operating costs to groom 660 dogs:
| Wages Expense | $4,061 |
| Grooming Supplies Expense | 1,675 |
| Building Rent Expense | 900 |
| Utilities Expense | 305 |
| Depreciation Expense - Equipment | $55 |
Requirements
- What is Buddy's operating income for April?
- What is the cost of service to groom 1 dog?
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
4th Edition
1119607515, 978-1119607519
