Secure tps/www.marhl.com Student/PlayerTest aspe nestid Principles of Accounting

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Secure tps/www.marhl.com Student/PlayerTest aspe nestid Principles of Accounting Test: Exam 1 Part This Question: 1 pt 18009 26 centerwinayes Tirrell Robinson Time Remaining 4 cf 40 (13 complete) This Howling Dog Grooming provides grooming senvices for pets in Apeil the company eamed $16 000 in neenues and incurred the folowing operating costs to groom 650 doga (Clck the icon to view the operating costs) Data Table 1.What is Howing Dog's operating income for Apri 2 What is the cost of service to groom one dog? ages Expense Grooming Supp Expense Building Rent Expense Uites Exp S 4 850 1.730 Howling Dog's Grooming Income Statement Month Ended April 30 200 Pint Done otal Expenses Cout per dog rou fekds and then to the next queson DOLL

Explanation / Answer

Howlings Dog's Grooming

Income Statement

Month Ended April 30

B.

Cost Per Dog = Total Expenses / No. of Dogs

= $ 7,670 / 650 Dogs

= $ 11.80 Per Dog

Howlings Dog's Grooming

Income Statement

Month Ended April 30

Revenues Revenues Earned for April Month (A) $ 16,000 Expenses Wages Expenses $ 4,850 Grooming Supplies Expenses $ 1,730 Building Rent Expenses $ 7,00 Utilities Expenses $ 260 Depreciation expenses - Equipment $ 130 Total Expenses (B) $ 7,670 Oprating Income / (Loss) (C = A- B) $ 8,330

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