please help me with the break even analysisThank you ### Expense Breakdown for Pet ServicesThe following table provides a breakdown of variable and fixed costs associated with providing grooming, daycare, and boarding services for pets. The calculations are based on specific numbers of dogs per day for each service.#### Grooming- **Based on 5 grooms per day****Variable Costs:**- Shampoo: $1.04- Clippers: $1.37- Bowls: $0.72- Towels: $5.83- Scissors: $1.01- **Total Variable Costs: $9.97****Fixed Costs:**- Groomer: $2,079.28- Rent: $30.95- Loan: $20.00- Utilities and Insurance: $28.57- Depreciation on Heating System: $3.95- Cleaning Products (Odoban): $2.08- Cleaning Products (Simple Green): $2.36- Draw: $200.00- **Total Fixed Costs: $2,367.91**---#### Day Care- **Based on 22 dogs per day for six days a week. Assumes 25 operating days for kennel and 22 eight-hour workdays for kennel attendant.****Variable Costs:**- Day Care Attendant: $2.88- Toys: $0.27- Bowls: $0.10- Towels: $1.40- **Total Variable Costs: $4.65****Fixed Costs:**- Rent: $232.14- Loan: $150.00- Utilities and Insurance: $214.29- Depreciation on Heating System: $29.64- Cleaning Products (Odoban): $15.59- Cleaning Products (Simple Green): $16.78- Draw: $200.00- **Total Fixed Costs: $858.44**---#### Boarding- **Based on 12 dogs per day. Assumes 22 eight-hour workdays for kennel attendant.****Variable Costs:**- Kennel Attendant: $5.62- Bowls: $0.86- Towels: $0.87- **Total Variable Costs: $7.35****Fixed Costs:**- Depreciation on Kennels: $80.00- Rent: $386.90 **K-9 Grooming & Camp: Milestone 2 - Break-Even Analysis****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.**Formula:**- Break-even = Fixed Costs / Contribution Margin**Table:**| | DAY CARE | BOARDING | GROOMING ||---------------------|----------|----------|----------|| **Sales Price** | $ - | $ - | $ - || **Fixed Costs** | $ - | $ - | $ - || **Contribution Margin** | $ - | $ - | $ - || **Break-even Units (round up)** | - | - | - |**Target Profit for Each Service:**1. **Target Profit $417.00** - Break-even Units (round up): - Day Care: - - Boarding: - - Grooming: - 2. **Target Profit $583.00** - Break-even Units (round up): - Day Care: - - Boarding: - - Grooming: - 3. **Target Profit $667.00** - Break-even Units (round up): - Day Care: - - Boarding: - - Grooming: - 4. **Target Profit $909.00** - Break-even Units (round up): - Day Care: - - Boarding: - - Grooming: - 5. **Target Profit $1,000.00** - Break-even Units (round up): - Day Care: - - Boarding: - - Grooming: - 6. **Target Profit $1,500.00** - Break-even Units (round up): - Day Care: - - Boarding: - - Grooming: - **Notes:**- To determine the break-even point, input the values for fixed costs and contribution margin for each service.- The target profit levels provided should be used to calculate the corresponding break-even units.

The break even point is the point of No-Profit, No-Loss. This is the point at which the units produced and sold are just equal to the cost of producing them. Break Even Analysis is one of the most useful tools in cost analysis for any project or activityMilestone 2 Daycare Boarding Grooming Sales price per unit $ 18 $25 $25 less - Variable cost per unit $ (4.74) $ (7.35) $ (9.97) contribution per unit $ 13.26 $ 17.65 $ 15.03 Daycare Boarding Grooming contribution per unit A $ 13.26 $ 17.65 $ 15.03 Sales price per unit B $ 18 $25 $25 contribution margin ratio A/B 73.66% 70.6% 60.12% Day care Boarding Grooming Sales price $ 18 $ 25 $ 25 Fixed Costs $ 858.44 $ 1378.97 $ 2367.91 Contribution Margin $ 13.26 $ 17.65 $ 15.03 Break even units ( fixed cost / contribution margin per unit ) 65 unit 78 unit 158 unit Target Profit $ 417 $ 583 $ 1000 Break even units 96 unit 111 unit 224 unit Break even units =(Fixed Cost + Target profit ) / Contribution Margin ($ 858.44 + $417) / $ 13.26 =($ 1378.97+$583)/17.65 =($2367.91+ $1000)/15.03 Target Profit $ 667 $ 909 $ 1500 Break even units 115 unit 130 unit 257 unit Break even units =(Fixed Cost + Target profit ) / Contribution Margin =858.44+667 /13.26 =1378.97+909 /17.65 2367.91+1500)/15.0

Business

Accounting

K-9 Grooming & Camp MILESTONE 2 - Break-Even Analysis 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 $ Fixed Costs $ Contribution Margin $ $ $ 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) %24 %24 %24 %24 %24 %24

K-9 Grooming & Camp MILESTONE 2 - Break-Even Analysis 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 $ Fixed Costs $ Contribution Margin $ $ $ 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) %24 %24 %24 %24 %24 %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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