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Going to the Dogs
Demand for pet services is greatly increasing across the United States. In fact,Americans will spend nearly $44 billion dollars on their pets this year.Many American dog owners are seeking out "doggy daycares" that are more like a resort or spa than an ordinary kennel for their canine companion.Daycare services for dogs now include toy rooms,outside play areas,doggie massages,treadmills,swimming pools and cushy beds for nap time.Pet owners can watch their pets via a Web cam and some doggy daycares have a phone where owners can talk to their dog when they feel their pet needs to hear their voice. Rates vary from $20 to $45 a day per pet,depending on the amenities that the pet owner chooses.
-Refer to Going to the Dogs.Suppose before opening the It's a Dog's Life doggy resort the owners gathered together a group of ten dog owners to discuss what they would want to see in the ideal dog daycare center.This would be an example of:
Equivalent Units
A concept in process costing that converts partially completed units into a number of fully completed output units.
Conversion Costs
Costs incurred to convert raw materials into finished goods, including both direct labor and manufacturing overhead.
Materials Costs
The expenses related to the basic materials required for manufacturing products.
Process Costing
Process costing is an accounting method used to determine costs in industries where production is continuous and units are indistinguishable from each other.
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