Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

INSTRUCTIONS: Show all steps and calculations to determine the break-even. Determine the break-even for the target profit levels as outlined in the instructions. Break-even =

image text in transcribed
image text in transcribed
INSTRUCTIONS: Show all steps and calculations to determine the break-even. Determine the break-even for the target profit levels as outlined in the instructions. Break-even = Fixed Costs / Contribution Margin DAY CARE BOARDING GROOMING Sales Price 18.00 $ 25.00 25.00 Fixed Costs Contribution Margin $ 13.35 17.65 $ 15.03 Break-even Units (round up) Target Profit 417.00 583.00 1,000.00 Break-even Units (round up) Target Profit 667.00 909.00 1,500.00 Break-even Units (round up) INSTRUCTIONS: Determine the per unit cost for each dog. Fill in the blanks to get the per unit cost and fixed cost of each service. Variable Costs Item Fixed Costs Based on 5 grooms per day GROOMING Item Shampoo Clipper(s) Bowls Towels Scissors 1.04 1.37 0.72 5.83 1.01 Groomer Rent Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Fixed Costs 2,080.00 30.95 20.00 28.57 3.95 2.08 2.36 200.00 2,367.91 Total Variable Costs $ 9.97 $ Item Based on 22 dogs per day for six days a week. Assume 25 operating days for kennel and 22 eight-hour work days for kennel attendant DAY CARE Variable Costs Item Fixed Costs Day care attendant S 2.88 Rent S 232.14 Toys 0.27 Loan 150.00 Bowls 0.10 Utilities and Insurance 214.29 Towels 1.40 Depreciation on heating system 29.64 Cleaning Products: Odoban 15.59 Cleaning Products: Simple Green 16.78 Draw 200.00 Total Variable Costs 4.65 Total Fixed Costs S 858.44 Fixed Costs $ Based on 12 dogs per day. Assume 22 eight-hour work days for kennel attendant. BOARDING Item Variable Costs Item Kennel attendant S 5.62 Depreciation on kennels Bowls 0.86 Rent Towels 0.87 Loan Utilities and Insurance Depreciation on heating system Cleaning Products: Odoban Cleaning Products: Simple Green Draw Total Variable Costs $ 7.35 Total Fixed Costs 80.00 386.90 250.00 357 14 49.40 25.98 29.55 200.00 1,378.97 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Effectiveness Meeting The IT Challenge

Authors: Kamil Omoteso

1st Edition

1409434680, 9781409434689

More Books

Students also viewed these Accounting questions

Question

Will formal performance reviews become obsolete? Why or why not?

Answered: 1 week ago