Acc206 Principles of Accounting: E16-17 Fido Grooming provides grooming services

Acc206 Principles of Accounting

E16-17 Calculating income and cost per unit for a service company
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 3,900
Grooming supplies expense 1,625
Building rent expense 1,300
Utilities 325
Depreciation on equipment 130

Fido Grooming earned $16,300 in revenues from grooming for the month of April.

1. What is Fido's net operating income for April?
2. What is the cost to groom one dog?
Powered by