Zoe d fresh flowers is new business ready to open a store in the Westfield

Only one submission is required per group. The case study must be completed within 2 hours during Workshop 6 and submitted via Turnitin on MyKBS during the workshop. Any submission outside of class will receive zero marks. Assessment Description This group case study is designed to test your ability to apply the knowledge gained from ACCM4100 Workshop 2 & 3 to practical scenarios. It will also help you develop writing strategies to present accounting information while working in teams effectively. You will be required to analyse the information provided and carry out computations. Based on your analysis, you will be required to answer specific questions about the results. Marks will be awarded based on the rubrics included on the next page. get classification: Internal Kaplan Business School Assessment Outline K Assessment Details Part A: Zoe's Fresh Flowers is new business ready to open a store in the Westfield shopping centre nearby. Westfield has a number of florist shops already, so Zoe is anxious about the demand for her flower arrangements. Westfield has two options available for rental contracts: a) A standard fixed rent agreement of $20,000 per month; or b) A commission contract based on 25% of sales revenue with $5000 per month minimum rent. Zoe estimates that a bouquet will sell for $90 and have a variable cost of $39 to make and a 15% sales commission for the shop attendant. Required: 1. What is the break-even point in units under each rental agreement? [5 marks] 2. Zoe is uncertain if she will sell 200, 400, 600, 800 or 1000 arrangements per month. Prepare a table that shows the expected profit at each sales level under each rental agreement. For what range of sales levels will Zoe prefer: (a) the fixed rent agreement or (b) the royalty agreement? [10 marks] 3. If Zoe signs a sales agreement with a local street vendor rather than Westfield, it will save her both rental contract options and sales commission. However, she could only sell the flower arrangements for $50 to the vendor. Explain how would this affect your answer in requirements 2? [5 marks] Part B : Xylia Ceramics makes and sells decorated vases for flower arrangements. As part of the master budget, following information is available for 2024: January February March April May June Estimated Sales 13,000 15,000 11,000 12,000 12,000 10,000 Sale Price $ 59.00 $ 59.00 $ 61.50 $ 61.50 $ 63.00 $ 63.00 Direct Manufacturing Labour Hour (DMLH) per unit 1.50 1.50 1.50 1.50 1.25 1.25 Wage per DMLH $ 20.00 $ 20.00 $ 21.00 $ 21.00 $ 22.00 $ 22.00 Cost of Materials $ 19.00 $ 19.00 $ 21.50 $ 21.50 $ 23.00 $ 23.00 XylixZa Ceramics expects to have 6,500 vases on hand at 31 December 2023, and it has a policy of carrying an end-of-month inventory of 50% of the following month's sales. July 2024 sales are expected to be 11,000 vases.Only one submission is required per group. The case study must be completed within 2 hours during Workshop 6 and submitted via Turnitin on MyKBS during the workshop. Any submission outside of class will receive zero marks. Assessment Description This group case study is designed to test your ability to apply the knowledge gained from ACCM4100 Workshop 2 & 3 to practical scenarios. It will also help you develop writing strategies to present accounting information while working in teams effectively. You will be required to analyse the information provided and carry out computations. Based on your analysis, you will be required to answer specific questions about the results. Marks will be awarded based on the rubrics included on the next page. get classification: Internal Kaplan Business School Assessment Outline K Assessment Details Part A: Zoe's Fresh Flowers is new business ready to open a store in the Westfield shopping centre nearby. Westfield has a number of florist shops already, so Zoe is anxious about the demand for her flower arrangements. Westfield has two options available for rental contracts: a) A standard fixed rent agreement of $20,000 per month; or b) A commission contract based on 25% of sales revenue with $5000 per month minimum rent. Zoe estimates that a bouquet will sell for $90 and have a variable cost of $39 to make and a 15% sales commission for the shop attendant. Required: 1. What is the break-even point in units under each rental agreement? [5 marks] 2. Zoe is uncertain if she will sell 200, 400, 600, 800 or 1000 arrangements per month. Prepare a table that shows the expected profit at each sales level under each rental agreement. For what range of sales levels will Zoe prefer: (a) the fixed rent agreement or (b) the royalty agreement? [10 marks] 3. If Zoe signs a sales agreement with a local street vendor rather than Westfield, it will save her both rental contract options and sales commission. However, she could only sell the flower arrangements for $50 to the vendor. Explain how would this affect your answer in requirements 2? [5 marks] Part B : Xylia Ceramics makes and sells decorated vases for flower arrangements. As part of the master budget, following information is available for 2024: January February March April May June Estimated Sales 13,000 15,000 11,000 12,000 12,000 10,000 Sale Price $ 59.00 $ 59.00 $ 61.50 $ 61.50 $ 63.00 $ 63.00 Direct Manufacturing Labour Hour (DMLH) per unit 1.50 1.50 1.50 1.50 1.25 1.25 Wage per DMLH $ 20.00 $ 20.00 $ 21.00 $ 21.00 $ 22.00 $ 22.00 Cost of Materials $ 19.00 $ 19.00 $ 21.50 $ 21.50 $ 23.00 $ 23.00 XylixZa Ceramics expects to have 6,500 vases on hand at 31 December 2023, and it has a policy of carrying an end-of-month inventory of 50% of the following month's sales. July 2024 sales are expected to be 11,000 vases.Only one submission is required per group. The case study must be completed within 2 hours during Workshop 6 and submitted via Turnitin on MyKBS during the workshop. Any submission outside of class will receive zero marks. Assessment Description This group case study is designed to test your ability to apply the knowledge gained from ACCM4100 Workshop 2 & 3 to practical scenarios. It will also help you develop writing strategies to present accounting information while working in teams effectively. You will be required to analyse the information provided and carry out computations. Based on your analysis, you will be required to answer specific questions about the results. Marks will be awarded based on the rubrics included on the next page. get classification: Internal Kaplan Business School Assessment Outline K Assessment Details Part A: Zoe's Fresh Flowers is new business ready to open a store in the Westfield shopping centre nearby. Westfield has a number of florist shops already, so Zoe is anxious about the demand for her flower arrangements. Westfield has two options available for rental contracts: a) A standard fixed rent agreement of $20,000 per month; or b) A commission contract based on 25% of sales revenue with $5000 per month minimum rent. Zoe estimates that a bouquet will sell for $90 and have a variable cost of $39 to make and a 15% sales commission for the shop attendant. Required: 1. What is the break-even point in units under each rental agreement? [5 marks] 2. Zoe is uncertain if she will sell 200, 400, 600, 800 or 1000 arrangements per month. Prepare a table that shows the expected profit at each sales level under each rental agreement. For what range of sales levels will Zoe prefer: (a) the fixed rent agreement or (b) the royalty agreement? [10 marks] 3. If Zoe signs a sales agreement with a local street vendor rather than Westfield, it will save her both rental contract options and sales commission. However, she could only sell the flower arrangements for $50 to the vendor. Explain how would this affect your answer in requirements 2? [5 marks] Part B : Xylia Ceramics makes and sells decorated vases for flower arrangements. As part of the master budget, following information is available for 2024: January February March April May June Estimated Sales 13,000 15,000 11,000 12,000 12,000 10,000 Sale Price $ 59.00 $ 59.00 $ 61.50 $ 61.50 $ 63.00 $ 63.00 Direct Manufacturing Labour Hour (DMLH) per unit 1.50 1.50 1.50 1.50 1.25 1.25 Wage per DMLH $ 20.00 $ 20.00 $ 21.00 $ 21.00 $ 22.00 $ 22.00 Cost of Materials $ 19.00 $ 19.00 $ 21.50 $ 21.50 $ 23.00 $ 23.00 XylixZa Ceramics expects to have 6,500 vases on hand at 31 December 2023, and it has a policy of carrying an end-of-month inventory of 50% of the following month's sales. July 2024 sales are expected to be 11,000 vases.Only one submission is required per group. The case study must be completed within 2 hours during Workshop 6 and submitted via Turnitin on MyKBS during the workshop. Any submission outside of class will receive zero marks. Assessment Description This group case study is designed to test your ability to apply the knowledge gained from ACCM4100 Workshop 2 & 3 to practical scenarios. It will also help you develop writing strategies to present accounting information while working in teams effectively. You will be required to analyse the information provided and carry out computations. Based on your analysis, you will be required to answer specific questions about the results. Marks will be awarded based on the rubrics included on the next page. get classification: Internal Kaplan Business School Assessment Outline K Assessment Details Part A: Zoe's Fresh Flowers is new business ready to open a store in the Westfield shopping centre nearby. Westfield has a number of florist shops already, so Zoe is anxious about the demand for her flower arrangements. Westfield has two options available for rental contracts: a) A standard fixed rent agreement of $20,000 per month; or b) A commission contract based on 25% of sales revenue with $5000 per month minimum rent. Zoe estimates that a bouquet will sell for $90 and have a variable cost of $39 to make and a 15% sales commission for the shop attendant. Required: 1. What is the break-even point in units under each rental agreement? [5 marks] 2. Zoe is uncertain if she will sell 200, 400, 600, 800 or 1000 arrangements per month. Prepare a table that shows the expected profit at each sales level under each rental agreement. For what range of sales levels will Zoe prefer: (a) the fixed rent agreement or (b) the royalty agreement? [10 marks] 3. If Zoe signs a sales agreement with a local street vendor rather than Westfield, it will save her both rental contract options and sales commission. However, she could only sell the flower arrangements for $50 to the vendor. Explain how would this affect your answer in requirements 2? [5 marks] Part B : Xylia Ceramics makes and sells decorated vases for flower arrangements. As part of the master budget, following information is available for 2024: January February March April May June Estimated Sales 13,000 15,000 11,000 12,000 12,000 10,000 Sale Price $ 59.00 $ 59.00 $ 61.50 $ 61.50 $ 63.00 $ 63.00 Direct Manufacturing Labour Hour (DMLH) per unit 1.50 1.50 1.50 1.50 1.25 1.25 Wage per DMLH $ 20.00 $ 20.00 $ 21.00 $ 21.00 $ 22.00 $ 22.00 Cost of Materials $ 19.00 $ 19.00 $ 21.50 $ 21.50 $ 23.00 $ 23.00 XylixZa Ceramics expects to have 6,500 vases on hand at 31 December 2023, and it has a policy of carrying an end-of-month inventory of 50% of the following month's sales. July 2024 sales are expected to be 11,000 vases