ACC 206 Week 3- E 16-17
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This 0 page Study Guide was uploaded by an elite notetaker on Wednesday November 11, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 23 views.
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Date Created: 11/11/15
Week 3 E1617 Fido Grooming ACC206 Principles of Accounting Tutorial AU E1617 f Calculating income and cost per unit for a service company 510 min Fido Grooming provides grooming services in the local community In April Kevin Oliver the owner incurred the following operating costs to groom 650 dogs Wages 3900 Grooming supplies expense 1625 Building rent expense 1300 Utilities 325 Depreciation on equipment 130 Fido Grooming earned 16300 in revenues from grooming for the month of April Requirement 1 What is Fido39s net operating income for April 2 What is the cost to groom one dog 510 min E 1617 Req 1 Fido Grooming Income Statement Month of April Grooming revenue 16300 Expenses Wages 3900 Grooming supplies expense 1625 Building rent expense 1300 Utilities 325 Depreciation on equipment Total expenses 7280 Net income M Req 2 Unit cost to groom one dog Total operating expenses total number of dogs groomed 7280 650 dogs 1120 cost per dog
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