Calculating income and cost per service for a service companyBuddy Grooming provides grooming services for pets. In April, the company earned $16,300 in revenues and incurred the following operating costs to groom 660 dogs:RequirementsWhat is Buddy’s operating income for April?What is the cost of service to groom one dog? Wages ExpenseGrooming Supplies ExpenseBuilding Rent ExpenseUtilities ExpenseDepreciation Expense-Equipment$ 4,0611,67590030555

1. Particulars Amount Revenue $16,300 Less: expenses: wages expense $4,061…

Answered: Wages Expense Grooming Supplies Expense…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculating income and cost per service for a service company

Buddy Grooming provides grooming services for pets. In April, the company earned $16,300 in revenues and incurred the following operating costs to groom 660 dogs:

Requirements

What is Buddy’s operating income for April?
What is the cost of service to groom one dog?

Wages Expense
Grooming Supplies Expense
Building Rent Expense
Utilities Expense
Depreciation Expense-Equipment
$ 4,061
1,675
900
305
55

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