\fOverview The next step in planning for your new business is to analyze the cost behaviors and systems of your industry and conduct the relevant nancial calculations to determine appropriate costing solutions. In this milestone assignment, you will conduct a breakeven analysis to determine your target prots and the selling price you plan to use to achieve these prots for each product. Prompt Use information from Milestone One and the provided Milestone Two Market Research Data Appendix Word Document to conduct a costvolume prot analysis. Complete the \"Contribution Margin Analysis" and "BreakEven Analysis" tabs in the mject Workbook Spreadsheet that you used for completing the Milestone One assignment. Specically. you must address the following rubric criteria: . Contribution Margin. Determine your contribution margin perunit in the "Contribution Margin Analysis" tab. 0 Choose a sales price for each product. 0 Calculate the contribution margin for each product based on your sales price and the variable cost for that product. Show your work using calculations to the side of the table or using appropriate formulas in the table. . Break-Even Analysis. Use costvolume-prot (CV P] analysis to determine your breakeven points for achieving yourtarget prots in the "Break-Even Analysis" tab. 0 Determine the break-even points for each product. Show your work using calculations to the side ofthe table or using appropriate formulas in the table. 0 Determine brea keven units for the suggested target prots for each product. Show your work using calculations to the side of the table or using appropriate formulas in the table. Guidelines for Submission Submit the Project Workbook with the \"Contribution Margin Analysis" and "BreakEven Analysis" tabs completed. This le should be completed and submitted using Microsoft Excel. Milestone Two: Market Research Data You haye conducted some market research for style and size of products you want to use to launch your business. The market research has indicated the following sales price ranges will be optimal for your area depending on style of products you choose to sell: or Collars a With pricing at $20 per collar, you can expect to sell 30 collars per day. on With pricing at $24 per collar, you can expect to sell 25 collars per day. a With pricing at $28 per collar, you can expect to sell 20 collars per day or Leashes on With pricing at $22 per leash, you can expect to sell 23 leashes per day. :3 With pricing at $26 per leash, you can expect to sell 23 leashes per day. on With pricing at $30 per leash, you can expect to sell 13 leashes per day. 0 Harnesses :3 With pricing at $25 per harness, you can expect to sell 25 harnesses per day. on With pricing at $30 per harness, you can expect to sell 22 harnesses per day. :3 With pricing at $35 per harness, you can expect to sell 20 harnesses per day. additionally, you will need to compare your breakeyen points for the following target prots for each area of your business to determine your prices: or Collars o Break-eyen a $300 target prot each month on 5500 target prot each month or Leashes o Breakeyen o 5400 target prot each month :3 5600 target prot each month .- Harnesses o Break-eyen o 5500 target prot each month on 5650 target prot each month Remember that all break-eyen and target points must he in whole units {we cannot sell a partial unit]. Round up when calculating partial units to ensure costs are coyered. Excel tip use ROUNDUP function