Financial Statements: Assess your financial performance to-date using the post-opening scenario information.

A. Financial Statements

1. Share the statement of cost of services and logically interpret the businesss performance against the provided benchmarks.

2. Share the income statement and logically interpret the businesss performance against the provided benchmarks.

B. Variance Analysis

1. Identify all variances for the direct labor time and the materials price.

2. Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning.

Based on 5 grooms per day GROOMING Item Shampoo Clipper(s) Bowls Towels Scissors Variable Costs 1.04 1.37 0.72 5.83 101 Item Groomer Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs Fixed Costs $ 185.67 30.95 20.00 28.57 3.95 2.08 2.36 200.00 2,367.91 Total Variable Costs $ 9.97 Based on 22 dogs per day for six days a week. Assume 25 operating days for kennel and 22 eight-hour work days for kennel attendant DAY CARE Item Variable Costs Item Fixed Costs Day care attendant $ 2.88 Rent $ 232.14 Toys 0.27 Loan 150.00 Bowls 0.10 Utilities and Insurance 210.00 Towels 1.40 Depreciation on heating system 29.64 Cleaning Products: Odoban 15.59 Cleaning Products: Simple Green 16.78 Draw 200.00 Total Variable Costs $ 4.65 Total Fixed Costs 858.44 Based on 12 dogs per day. Assume 22 eight-hour work days for kennel attendant. BOARDING Item Variable Costs Item Kennel attendant 7.66 Depreciation on kennels Bowls 0.86 Rent Towels 0.87 Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Variable Costs 7.35 Total Fixed Costs Fixed Costs $ 80.00 386.90 250.00 354.00 49.40 25.98 29.55 200.00 1,378.97 Based on 5 grooms per day GROOMING Item Shampoo Clipper(s) Bowls Towels Scissors Variable Costs 1.04 1.37 0.72 5.83 101 Item Groomer Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs Fixed Costs $ 185.67 30.95 20.00 28.57 3.95 2.08 2.36 200.00 2,367.91 Total Variable Costs $ 9.97 Based on 22 dogs per day for six days a week. Assume 25 operating days for kennel and 22 eight-hour work days for kennel attendant DAY CARE Item Variable Costs Item Fixed Costs Day care attendant $ 2.88 Rent $ 232.14 Toys 0.27 Loan 150.00 Bowls 0.10 Utilities and Insurance 210.00 Towels 1.40 Depreciation on heating system 29.64 Cleaning Products: Odoban 15.59 Cleaning Products: Simple Green 16.78 Draw 200.00 Total Variable Costs $ 4.65 Total Fixed Costs 858.44 Based on 12 dogs per day. Assume 22 eight-hour work days for kennel attendant. BOARDING Item Variable Costs Item Kennel attendant 7.66 Depreciation on kennels Bowls 0.86 Rent Towels 0.87 Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Variable Costs 7.35 Total Fixed Costs Fixed Costs $ 80.00 386.90 250.00 354.00 49.40 25.98 29.55 200.00 1,378.97