Question

E16-23 (similar to One Stop Grooming provides grooming services for pets. In April, the company earned $15,200 in revenues and incurred the folowing operating costs to groom 610 d Question Hel (Click the icon to view the operating costs.) What is One Stop's operating income for Aprin 2. What is the cost of service to groom one dog? Data Table Revenues Wages Expense Grooming Supplies Expense Building Rent Expense Utilities Expense Depreciation Expense Equipment $ 3,860 1,535 1.200 310 110 Print Done Choose from any list or enter any number in the input fields and then ci 20 DlIl F8 F10 F11 F4 F6

Answer 1

(1):

Revenues:
Revenue from grooming services		15,200.00
Expenses:
Wages expense	3,860
Grooming supplies expense	1,535
Building rent expense	1,200
Utilities expense	310
Depreciation expense - equipment	110
Total expenses		7,015.00
Operating income/(loss)		8,185.00

(2):

Cost of service to groom one dog = Total expenses/610 dogs

= $7015/610 dogs

= $11.50 per dog