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please help you create the price please explain what you need from me to complete The next step in planning for your new business is
please help
you create the price
please explain what you need from me to complete
The next step in planning for your new business is to analyze the cost behaviors and systems of your industry and conduct the relevant financial calculations to determine appropriate costing solutions. In this milestone assignment, you will conduct a break-even analysis to determine your target profits and the selling price you plan to use to achicve these profits for each product. Prompt Use information from Milestone One and the provided Milestone Two Market Research Data Aprendix Word Document to conduct a cost-volum profit analysis. Complete the "Contribution Margin Analysis" and "Break-Even Analysis" tabs in the Project Workbook Spreadshees that you used for completing the Milestone One assignment. Specifically, you must address the following rubric criteria: - Contribution Margin. Determine your contribution margin per unit in the "Contribution Margin Analysis" tab. - Choose a sales price for each product. - 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 cost volume profit (CVP) analysis to determine your break - even points for achicving your target profits in the 'Break-Even Analysis' tab. - Determine the break-even points for each product. Show your work using calculations to the side of the table or using appropriate formulas in the table. - Determine bresk even units for the sugsested target profits for each product. Show your work using ealculations to the side of the table or using appropriate formulas in the table. Guidelines for Submission Submit the Projoct Workbook with the "Contribution Margin Analyeis" and "Breqk-Even Analysis" tabs completed. The file should be completed and tabinitted using Microsoft Excel. 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 - With pricing at $20 per collar, you can expect to sell 30 collars per day. - With pricing at \$24 per collar, you can expect to sell 25 collars per day. - With pricing at $28 per collar, you can expect to sell 20 collars per day - Leashes - With pricing at $22 per leash, you can expect to sell 28 leashes per day. - With pricing at $26 per leash, you can expect to sell 23 leashes per day. o With pricing at $30 per leash, you can expect to sell 18 leashes per day. - Harnesses - With pricing at \$25 per harness, you can expect to sell 25 harnesses per day. - With pricing at $30 per hamess, you can expect to sell 22 hamesses per day. - With pricing at $35 per hamess, you can expect to sell 20 harnesses per day. Additionally, you will need to compare your break-even points for the following target profits for each area of your business to determine your prices: - Collars - Break-even $300 target profit each month - \$500 target profit each month - Leashes - Break-even - $400 target profit each month - $600 target profit each month - Hamesses - Break-even - $500 target profit each month - S6so target profit each month Remember that all break even 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 Sales Price per Unit Variable Cost per Unit 11 Contribution Margin \begin{tabular}{l} 12 \\ \hline 14 \\ 15 \\ 16 \\ 17 \\ 18 \\ 19 \\ 20 \\ 21 \\ 22 \\ \hline 3 \end{tabular} LEASHES HARNESSES Sales Price $HARNESSES Fixed Costs Contribution Margin Break-Even Units (round up) Target Profit Break-Even Units (round up) Target Profit Break-Even Units (round up) The Fived and Varisble coce dassitications have been provided for you. 54 Collars ? item Variable cost/item 9. High-tensile strength nylon webbing 10 Polvesterylon ribbons 11 Buckles made of cast hardware 12 Price tags 13 Item Fixed Costs Collar maker's salary (monthly) $2,773.33 Depreciation on sewing machines Rent Utilities and insurance Scissors, thread, and cording Loan payment Salary to self 339.10 Total Fixed casts $4,028.33 22. Leashes 25. item 27 Hithitensile strength nylon webbing 28 Polvester/rivion ribbons 29 Buckles made of cast hardware 30 Price tars \begin{tabular}{|l|} \hline 31 \\ 32 \\ 33 \\ 34 \\ 35 \\ \hline 36 \end{tabular} \mid \begin{tabular}{|lrr|} \hline Item & \multicolumn{1}{c}{ Fixed Costs } \\ \hline Leash maker's salary (monthil) & $ & 2,773.33 \\ \hline Depreciation on sewing machines & $ & 55.00 \\ Rent & $ & 25000 \\ Utilities and insurance & $ & 200.00 \\ Scissors, thread, and cording & $ & 400.00 \\ toan payment & $ & 183.33 \\ Salary to self & $ & 166.67 \\ \cline { 2 - 4 } & & \\ Total fined costs & $ & 4,028.00 \\ \hline \end{tabular} Total Variable Conts per teach 511.60 \begin{tabular}{|ll|} \hline Variable Cost/item \\ \hline$ & 4.00 \\ $ & 3.00 \\ $ & 4.50 \\ $ & 0.10 \end{tabular} Total Veriable Conts per Harness Step by Step Solution
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