Question
Fido Grooming provides grooming services for pets. In April, the company earned $16,700 in revenues and incurred the following operating costs to groom 680 dogs:
Fido
Grooming provides grooming services for pets. In
April,
the company earned
$16,700
in revenues and incurred the following operating costs to groom
680
dogs:
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(Click the icon to view the operating costs.)
Requirements
1. What is
Fido's
operating income for
April?
2. What is the cost of service to groom one dog?
Requirement 1. What is
Fido's
operating income for
April?
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| Fido's Grooming |
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| Income Statement |
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| Month Ended April 30 |
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| Expenses: |
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| Total Expenses |
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| Operating Income (Loss) |
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Data Table
| Wages Expense | $4,650 |
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| Grooming Supplies Expense | 1,625 |
| Building Rent Expense | 1,100 |
| Utilities Expense | 340 |
| Depreciation ExpenseEquipment | 105 |
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
