Chapter 16, E 16-17 Chapter 16, P 16-25a Chapter 17, P 17-26a Chapter 17, P 17a-11a
Week Three
E16-17
Req. 1 Fido Grooming | Income Statement | Month of April | Wages | 3,900.00 | Grooming Supplies Expense | 1,625.00 | Building Rent Expense | 1,300.00 | Utilities | 325.00 | Depreciation on Equipment | 130.00 | Total Operating Expense | 7,280.00 | | | Income for April | 16,300.00 | Net Operating Income = Income – Operating ExpenseNOI= 16,300.00 – 7280.00NOI = 9,020.00 | |
Req. 2
Unit Cost Per Service = Total Service Cost/Total Number of Services Provided
UCPS = 7,280.00 / 650
UCPS = 11.20
Unit cost to groom one dog = $11.20 P 16-25A
Req. 1 Fido Treats | Schedule of Cost of Goods Manufactured | Year Ended December 31, 2012 | Beginning Work in Process Inventory | | 13,400.00 | | Direct Materials Used: | | | | Beginning Direct Materials Inventory | - | - | | Purchases of Direct Materials (Including Freight In) | 33,000.00 | - | | Available for Use | 33,000.00 | | | Ending Direct Materials Inventory | 2,000.00 | | | Direct Materials Used | | 31,000.00 | | Direct Labor | | 22,000.00 | | Manufacturing Overhead: | | | | Indirect Materials | 1,700.00 | | | Indirect Labor | 800.00 | | | Depreciation – Plant and Equipment | - | | | Plant Utilities, Insurance, and Property Taxes | 1,600.00 | | | Total Manufacturing Overhead | | 4,100.00 | | Total Manufacturing Costs Incurred During the Year | | | 57,100.00 | Total Manufacturing Costs to Account For | | | 70,500.00 | Ending Work in Process Inventory | | | (2,000.00) | Costs of Goods Manufactured | | | 68,500.00 | Req. 2 Fido Treats | Income Statement | Year Ended December 31, 2012 | Sales Revenue | | 109,000.00 | Less: Sales Returns and Allowances | - | | Less: Sales Discounts | - | | | | - | Net Sales Revenue | | 109,000.00 | Cost of Goods
E16-17
Req. 1 Fido Grooming | Income Statement | Month of April | Wages | 3,900.00 | Grooming Supplies Expense | 1,625.00 | Building Rent Expense | 1,300.00 | Utilities | 325.00 | Depreciation on Equipment | 130.00 | Total Operating Expense | 7,280.00 | | | Income for April | 16,300.00 | Net Operating Income = Income – Operating ExpenseNOI= 16,300.00 – 7280.00NOI = 9,020.00 | |
Req. 2
Unit Cost Per Service = Total Service Cost/Total Number of Services Provided
UCPS = 7,280.00 / 650
UCPS = 11.20
Unit cost to groom one dog = $11.20 P 16-25A
Req. 1 Fido Treats | Schedule of Cost of Goods Manufactured | Year Ended December 31, 2012 | Beginning Work in Process Inventory | | 13,400.00 | | Direct Materials Used: | | | | Beginning Direct Materials Inventory | - | - | | Purchases of Direct Materials (Including Freight In) | 33,000.00 | - | | Available for Use | 33,000.00 | | | Ending Direct Materials Inventory | 2,000.00 | | | Direct Materials Used | | 31,000.00 | | Direct Labor | | 22,000.00 | | Manufacturing Overhead: | | | | Indirect Materials | 1,700.00 | | | Indirect Labor | 800.00 | | | Depreciation – Plant and Equipment | - | | | Plant Utilities, Insurance, and Property Taxes | 1,600.00 | | | Total Manufacturing Overhead | | 4,100.00 | | Total Manufacturing Costs Incurred During the Year | | | 57,100.00 | Total Manufacturing Costs to Account For | | | 70,500.00 | Ending Work in Process Inventory | | | (2,000.00) | Costs of Goods Manufactured | | | 68,500.00 | Req. 2 Fido Treats | Income Statement | Year Ended December 31, 2012 | Sales Revenue | | 109,000.00 | Less: Sales Returns and Allowances | - | | Less: Sales Discounts | - | | | | - | Net Sales Revenue | | 109,000.00 | Cost of Goods