Question
B.Explain and defend the selling prices that you established for grooming, day care, and boarding. Be sure to reference your cost-volume-profit analysis in your defense.
B.Explain and defend the selling prices that you established for grooming, day care, and boarding. Be sure to reference your cost-volume-profit analysis in your defense. [ACC-202-02]
C. Explain and defend your selected target profits for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense. [ACC-202-02] D. Explain and defend your contribution margin per unit and contribution margin ratio. Be sure to reference your cost-volume-profit analysis in your defense. [ACC-202-02]
III. 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. [ACC-202- 02] 2. Share the income statement and logically interpret the businesss performance against the provided benchmarks. [ACC-202-02]
B. Variance Analysis 1. Identify all variances for the direct labor time and the materials price. [ACC-202-02] 2. Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning. [ACC-202-02]
IV. In an addendum, submit your completed workbook, including the following: A. Accurately classify all of your costs in the Cost Classification tab. [ACC-202-01] B. Conduct a cost-volume profit analysis: 1. Determine your contribution margin per unit and contribution margin ratio in the Contribution Margin Analysis tab. [ACC-202-01] 2. Determine your break-even points for achieving your target profits in the Break-even analysis tab. [ACC-202-01]
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