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Milestone Two: Market Research Data Use information from Milestone One and the provided Milestone Two Market Research Data Appendix Word Document to conduct a cost
Milestone Two: Market Research Data Use information from Milestone One and the provided Milestone Two Market Research Data Appendix Word Document to conduct a costvolume profit analysis. Complete the Contribution Margin Analysis and BreakEven Analysis tabs in the Project Workbook Spreadsheet that you used for completing the Milestone One assignment. Specifically, you must address the following rubric criteria: BreakEven Analysis. Use costvolumeprofit CVP analysis to determine your breakeven points for achieving your target profits in the BreakEven Analysis tab. Determine the breakeven points for each product. Show your work using calculations to the side of the table or using appropriate formulas in the table. Determine breakeven units for the suggested target profits for each product. Show your work using calculations to the side of the table or using appropriate formulas in the table. You have 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: Collars o With pricing at $ per collar, you can expect to sell collars per day. o With pricing at $ per collar, you can expect to sell collars per day. o With pricing at $ per collar, you can expect to sell collars per day Leashes o With pricing at $ per leash, you can expect to sell leashes per day. o With pricing at $ per leash, you can expect to sell leashes per day. o With pricing at $ per leash, you can expect to sell leashes per day. Harnesses o With pricing at $ per harness, you can expect to sell harnesses per day. o With pricing at $ per harness, you can expect to sell harnesses per day. o With pricing at $ per harness, you can expect to sell harnesses per day. Additionally, you will need to compare your breakeven points for the following target profits for each area of your business to determine your prices: Collars o Breakeven o $ target profit each month o $ target profit each month Leashes o Breakeven o $ target profit each month o $ target profit each month Harnesses o Breakeven o $ target profit each month o $ target profit each month Remember that all breakeven and target points must be in whole units we cannot sell a partial unit Round up when calculating partial units to ensure costs are covered. Excel tip use ROUNDUP function
Milestone Two: Market Research Data
Use information from Milestone One and the provided Milestone Two Market Research Data Appendix Word Document to conduct a costvolume profit analysis. Complete the Contribution Margin Analysis and BreakEven Analysis tabs in the Project Workbook Spreadsheet that you used for completing the Milestone One assignment.
Specifically, you must address the following rubric criteria:
BreakEven Analysis. Use costvolumeprofit CVP analysis to determine your breakeven points for achieving your target profits in the BreakEven Analysis tab.
Determine the breakeven points for each product. Show your work using calculations to the side of the table or using appropriate formulas in the table.
Determine breakeven units for the suggested target profits for each product. Show your work using calculations to the side of the table or using appropriate formulas in the table.
You have 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:
Collars
o With pricing at $ per collar, you can expect to sell collars per day.
o With pricing at $ per collar, you can expect to sell collars per day.
o With pricing at $ per collar, you can expect to sell collars per day
Leashes
o With pricing at $ per leash, you can expect to sell leashes per day.
o With pricing at $ per leash, you can expect to sell leashes per day.
o With pricing at $ per leash, you can expect to sell leashes per day.
Harnesses
o With pricing at $ per harness, you can expect to sell harnesses per day.
o With pricing at $ per harness, you can expect to sell harnesses per day.
o With pricing at $ per harness, you can expect to sell harnesses per day.
Additionally, you will need to compare your breakeven points for the following target profits for each area of your business to determine your prices:
Collars
o Breakeven
o $ target profit each month
o $ target profit each month
Leashes
o Breakeven
o $ target profit each month
o $ target profit each month
Harnesses
o Breakeven
o $ target profit each month
o $ target profit each month
Remember that all breakeven and target points must be in whole units we cannot sell a partial unit Round up when calculating partial units to ensure costs are covered. Excel tip use ROUNDUP function
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