Determine your per-unit cost per dog for grooming

Determine your per-unit cost per dog for grooming

Calculate the break-even units: Create an Income Statement.

Direct Materials Grooming Revenue will be provided at the end of week 4.
Diret Labor Day Care
Manufacturing Overhead Boarding
Period Costs Calculate the break-even for target profits:

  1. Grooming 3.
    Day Care
    Calculate the Variable and Fixed Costs for: Boarding Calculate for the Grooming line:
    Grooming Direct Labor Time Variance
    Day Care Direct Labor Rate Variance
    Boarding Direct Materials Efficiency Variance
    Direct Materials Price Variance
    ACC202 – MANAGERIAL ACCOUNTING

Company Profile

/xl/drawings/drawing1.xml#CompanyProfile
Variable and Fixed Costs

/xl/drawings/drawing1.xml#VariableFixedCosts
Cost Classification

/xl/drawings/drawing1.xml#CostClassification
Contribution Margin

/xl/drawings/drawing1.xml#ContributionMargin
Break-Even Analysis

/xl/drawings/drawing1.xml#BreakevenAnalysis
COS Schedule

/xl/drawings/drawing1.xml#COGMSchedule
Income Statement

/xl/drawings/drawing1.xml#’Income%20Statement’!A1
Variances

/xl/drawings/drawing1.xml#Variances
Instructions Milestone 1

/xl/drawings/drawing1.xml#InstructionsMilestone1
Instructions Milestone 2

/xl/drawings/drawing1.xml#’Instructions%20-%20Milestone%202′!InstructionsMilestone2
Instructions Milestone 3

/xl/drawings/drawing1.xml#’Instructions%20-%20Milestone%203′!InstructionsMilestone3
Instructions – Milestone 1
Southern New Hampshire University
College of Continuing Education (COCE)
ACC 202 – Managerial Accounting
INSTRUCTIONS FOR MILESTONE 1 (Due Week 2)
IMPORTANT NOTE:
Make sure to completely review the rubric for Milestone 1.
Use the data from this milestone and begin working on your final presentation due in Milestone 4 (Week 7).
ITEMS TO COMPLETE FOR THIS MILESTONE (Blue Tabs):
GENERAL
You plan to open a pet services business that will offer dog grooming, day care, and boarding.
COMPANY PROFILE TAB
Determine a company name. Be creative (e.g., “Inspiring Dog Care”).
Pick a location (e.g., “Chicago”).
Define your company’s vision and mission for how your business will add value to the community.
COST CLASSIFICATION
Accurately classify all of your costs (direct material, direct labor, manufacturing overhead, period costs).
Fixed and variable cost designation is provided.
VARIABLE AND FIXED COSTS
Determine your per-unit cost per dog for grooming, day care, and boarding.
OPERATIONAL AND COST INFORMATION:
For simplicity, base all calculations using 30 days in each month.
OPERATIONAL DATA
Grooming:
The groomer can groom 5 dogs a day, 5 days a week.
Each grooming takes 1.5 labor hours.
Day Care:
The day care can house 10 large dogs and 12 small dogs daily.
Day care is offered 6 days a week.
Boarding:
There are 12 kennels (single dog only).
Boarding (kennel services) is offered every day.
Facilities:
The Grooming facility is 200 square feet
The Boarding facility is 2,500 square feet
The Day Care facility is 1,500 square feet
General:
Loan for start-up costs – monthly payment of $420; in effect immediately; limited cash and loan funding – used angel investors
Modest monthly draw of $600 a month for first year; should be divided evenly among the services (grooming, day care, boarding)
SALARY & HIRING DATA
Groomer – $12.00 an hour, 40 hours a week
Day Care Attendant – $9.00 per hour, 22 days per month, 8 hours a day
Receptionist – $8.50 per hour, 30 hours a week
Kennel Attendant – $11.50 per hour, 22 days per month, 8 hours a day
OTHER COST DATA
Grooming:
Dog Grooming Arm – $300 .
Grooming Table – $900
Grooming Tub – $2,800
Clippers – $136.99; can be used for 100 grooms
Shampoo – $103.96 per 5-gallon pail; can be used for 100 grooms

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