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) 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 Denver Dog Care Income Statement For the Month Ended January 31, 200x S Revenue Grooming Day Care Boarding Tota Revenue Cost of Services Gross Profit S $ Expenses G&A Salaries Advertising Cleaning Products Depreciation Rent Loan Utilities and Insurance Total Expenses Net Income/Loss S Cost of Goods Sold Cost of Services There is no finished goods inventory to maintain INSTRUCTIONS: The following are the actual numbers for January: Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800 Variable Costs Item Based on 5 grooms per day GROOMING Item Shampoo Clipper(s) Bowls Towels Scissors S S 1.04 1.37 0.72 5.83 1.01 Groomer Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs Fixed Costs 2,080.00 30.95 20.00 28.57 3.95 2.08 2.36 200.00 Total Variable Costs $ 9.97 $ 2,367.91 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 Variable Costs Item S s Item Day care attendant Toys Bowls Towels 2.88 0.27 0.10 1.40 Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs Fixed Costs 232.14 150.00 214.29 29.64 15.59 16.78 200.00 858.44 Total Variable Costs 4.65 Based on 12 dogs per day. Assume 22 eight-hour work days for kennel attendant. BOARDING Item Kennel attendant Bowls Towels Variable Costs S 5.62 0.86 0.87 Item Depreciation on kennels Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs Fixed Costs S 80.00 386.90 250.00 357.14 49.40 25.98 29.55 200.00 $ 1,378.97 Total Variable Costs S 7.35