When can this get completed?
ACC 202 Project Workbook Instructions Southern New Hampshire University College of Continuing Education (COCE) ACC202 - Managerial Accounting MILESTONE 1 (Due in Module 2)MILESTONE 2 (Due in Module 4)MILESTONE 3 (Due in Module 5) 1.1.1. NameChoose a price range and calculate:Create a Cost of Goods Manufactured Schedule LocationGrooming VisionDay Care MissionBoarding 2.2.2. Identify the following:Calculate the break-even unitsCreate an Income Statement Direct MaterialsGroomingRevenue will be provided end of week 4 Diret LaborDay Care Manufacturing OverheadBoarding Period CostsCalculate the break-even for target profits 3.Grooming3. Day Care Calculate the Variable & Fixed Costs for:BoardingCalculate for the Grooming line: GroomingDirect Labor Time Variance Day CareDirect Labor Rate Variance BoardingDirect Materials Efficiency Variance Direct Materials Price Variance ACC202 - MANAGERIAL ACCOUNTING Company Profile /xl/drawings/drawing1.xml#CompanyProfileVariable & Fixed Costs /xl/drawings/drawing1.xml#VariableFixedCostsCost Classification /xl/drawings/drawing1.xml#CostClassificationContribution Margin /xl/drawings/drawing1.xml#ContributionMarginBreak-Even Analysis /xl/drawings/drawing1.xml#BreakevenAnalysisCOGM Schedule /xl/drawings/drawing1.xml#COGMScheduleIncome Statement /xl/drawings/drawing1.xml#COGMScheduleVariances /xl/drawings/drawing1.xml#VariancesInstructions Milestone 1 /xl/drawings/drawing1.xml#InstructionsMilestone1Instructions Milestone 2 /xl/drawings/drawing1.xml#'Instructions%20-%20Milestone%202'!InstructionsMilestone2Instructions Milestone 3 /xl/drawings/drawing1.xml#'Instructions%20-%20Milestone%203'!InstructionsMilestone3 Instructions - Milestone 1 Southern New Hampshire University College of Continuing Education (COCE) ACC202 - 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 COST CLASSIFICATION Accurately classify all of your costs (direct material, direct labor, manufacturing overhead, period costs) Fixed & Variable cost designation is provided VARIABLE & FIXED COSTS Determine your per unit cost per dog for grooming, day care and boarding OPERATIONAL & 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 amoung the services (grooming, day care, boarding) SALARY & HIRING DATA Groomer (Allison) - $12.00 an hour, 40 hours a week Day Care Attendant (Beverly) - $9.00 per hour, based on need Receptionist (Cathie) - $8.50 per hour, 30 hours a week Kennel Attendant (Ben) - $11.50 per hour, based on need 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 Salon Tuff Capri Mobile Carry Cart - $90 Scissors (7 inch straight) - $194.99; used for 200 grooms Scissors (ear and nose) - $7.49; used for 200 grooms Day Care: Fencing for Day Care area - $1,249 Fencing Installation - $1,000 Toys - $3.29 per 6 pack; one toy will last for two dogs in day care per day Rubberized Flooring for Day Care - $3,800 Boarding: 12 Kennels; Depreciation is $80 per month General: Food & Water bowls - $3.59 per unit Day Care - two bowls last for every 75 dogs that attend daycare Boarding - two bowls last for every 100 dogs boarded; two bowls per kennel Grooming - each bowl lasts for 20 grooms and you need 4 bowls at all times Towels - $34.99 per 12 pack Day Care - 12 towels for every 25 dogs Boarding - 12 towels for every 40 dogs Grooming - 2 towels for every groom per day Heating System - $10,000; Depreciation is $83 per month; Allocate based on square footage Rent - $650 per month; Allocate based on square footage Utilities / Insurance - $600 per month; Allocate based on square footage Cage Bank - $2,200 per set of 5 Dryer - $1,250 Cleaning Products Odoban - $14.55 per gallon; Each area wil dilute 1 oz to 1 gallon of water; Allocate based on square footage Simple Green - $15.66 per gallon; Each area will dilute 1 oz to 1 gallon of water; Allocate based on square footage . ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing2.xml#Home Cost Classification Milestone One - Cost Classification INSTRUCTIONS: Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, Overhead, or Period Costs. The Fixed and Variable cost classifications have been provided for you. Item/CostDirect MaterialDirect Labor OverheadPeriod Costs FixedVariable Salary - Collar maker x Salary - Leash makerx Salary - Harness makerx Salary - Receptionist High-tensile strength nylon webbing x Polyester/nylon ribbons x Buckles made of cast hardware x Depreciation on sewing machinesx Rentx Utilities and insurancex Scissors, thread, and cordingx Price tags x Office supplies Other business equipment Loan payment x Salary to selfx &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing3.xml#Home Variable and Fixed Costs Milestone One - Variable and Fixed Costs Collars ItemVariable Cost/ItemItemFixed Costs High-tensile strength nylon webbing $ 4.00Collar maker's salary (monthly)$ 2,773.33 Polyester/nylon ribbons Depreciation on sewing machines Buckles made of cast hardware Rent Price tagsUtilities and insurance Scissors, thread, and cording Loan payment$ 183.33 Salary to self$ 166.67 Total Variable Costs per CollarTotal Fixed Costs Leashes ItemVariable Cost/ItemItemFixed Costs High-tensile strength nylon webbing Leash maker's salary (monthly) Polyester/nylon ribbons Depreciation on sewing machines Buckles made of cast hardware Rent Price tagsUtilities and insurance Scissors, thread, and cording Loan payment Salary to self Total Variable Costs per LeashTotal Fixed Costs$ - 0 Harnesses ItemVariable Cost/ItemItemFixed Costs High-tensile strength nylon webbing Harness maker's salary Polyester/nylon ribbons Depreciation on sewing machines Buckles made of cast hardware Rent Price tagsUtilities and insurance Scissors, thread, and cording Loan Salary to self Total Variable Costs per HarnessTotal Fixed Costs &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing4.xml#Home Instructions - Milestone 2 Southern New Hampshire University College of Continuing Education (COCE) ACC202 - Managerial Accounting INSTRUCTIONS FOR MILESTONE 2 (Due Week 4) IMPORTANT NOTE: Make sure to completely review the Rubric for Milestone 2 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 (Green Tabs): GENERAL Use data from Milestone 1 in your analysis CONTRIBUTION MARGIN ANALYSIS Select a price for each service (grooming, day care, boarding) Determine the variable cost from the Variable_Fixed tab for each service Calculate the contribution margin for each service based on your sales price and the variable cost for that service BREAK-EVEN ANALYSIS Determine the fixed cost from the Variable_Fixed tab for each service Fixed & Variable cost designation is provided Calculate the break-even units (round up) for each service Calculate the break-even units (round up) for suggested target profit levels for each service ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing5.xml#Home Contribution Margin Analysis Milestone Two - Contribution Margin Analysis COLLARSLEASHESHARNESSES Sales Price per Unit Variable Cost per Unit Contribution Margin &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing6.xml#Home Break-Even Analysis Milestone Two - Break-Even Analysis COLLARSLEASHESHARNESSES Sales Price$ - 0$ - 0$ - 0 Fixed Costs$ - 0$ - 0$ - 0 Contribution Margin$ - 0$ - 0$ - 0 Break-Even Units (round up)- 0- 0- 0 Target Profit$ 300.00$ 400.00$ 500.00 Break-Even Units (round up)- 0- 0- 0 Target Profit$ 500.00$ 600.00$ 650.00 Break-Even Units (round up)- 0- 0- 0 &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing7.xml#Home Instructions - Milestone 3 Southern New Hampshire University College of Continuing Education (COCE) ACC202 - Managerial Accounting INSTRUCTIONS FOR MILESTONE 3 (Due Week 5) IMPORTANT NOTE: Make sure to completely review the Rubric for Milestone 3 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 (Purple Tabs): GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be provided at the end of Module 4 COST OF SERVICES PROVIDED SCHEDULE Use the data at the top of the schedule to complete the report INCOME STATEMENT Use the data at the top of the schedule to complete the report Use the data from your Cost of Services Provided Schedule VARIANCES Use the data at the top of the schedule to calculate the following: Variance Favorable / Unfavorable ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing8.xml#Home COGS Milestone Three - Statement of Cost of Goods Sold Beginning Work in Process Inventory$ - 0 Direct Materials: Materials: Beginning0 Add: Purchases for month of January Materials available for use Deduct: Ending materials Materials Used Direct Labor Overhead Total Costs Deduct: Ending Work in Process Inventory0 Cost of Goods Sold &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing9.xml#Home Income Statement Milestone Three - Income Statement Revenue: Collars$ - 0 Leashes- 0 Harnesses- 0 Total Revenue:$ - 0 Cost of goods sold- 0 Gross profit$ - 0 Expenses: General and administrative salaries$ - 0 Office supplies- 0 Other business equipment- 0 Total Expenses$ - 0 Net Income/Loss$ - 0 &8ACC202 - MANAGERIAL ACCOUNTING Variances Milestone Three - Variance Analysis Data for Variance Analysis: Budgeted (Standard) Hours/QtyBudgeted (Standard) RateActual Hours/QtyActual Rate Labor Materials Variances for Collar Sales VarianceFavorable/ Unfavorable Direct Labor Time Variance (Actual Hours - Standard Hours) x Standard Rate$ - 0 Direct Labor Rate Variance (Actual Rate - Standard Rate) x Actual Hours$ - 0 Direct Materials Quantity/Efficiency Variance (Actual Quantity - Standard Quantity) x Standard Price$ - 0 Direct Materials Price Variance (Actual Price - Standard Price) x Actual Quantity$ - 0 &8ACC202 - MANAGERIAL ACCOUNTING ACC 202 Milestone One Operational Costs Data Appendix ACC 202 Milestone One: Operational Costs Data Appendix You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you have estimates for the various operating costs for your business. The total square footage for the sewing rooms is 1,500 square feet broken into three areas (500 square feet each). You have taken out a loan for start-up costs, and the monthly payment is $550; it goes into effect immediately and should be accounted for in your costs. You will also collect a modest salary for the first year of $500 per month; remember to divide evenly among the services. Salary and Hiring Data One collar maker, who will be paid $16.00 per hour and work 40 hours per week One leash maker, who will be paid $16.00 per hour and work 40