Please see the variable cost sheet and help me understand how to get the contribution margin per unit.thanks Based on 5 grooms per dayGROOMINGItemVariable CostsItemFixed Costs$ShampooClipper(s)1.04Groomer2,079.281.37Rent30.95Bowls0.72Loan20.00Towels5.83Utilities and Insurance28.57Scissors1.01Depreciation on heating system3.95Cleaning Products: OdobanCleaning Products: Simple Green2.082.36Draw200.00Total Variable Costs9.97Total Fixed Costs2,367.91Based 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 CAREVariable CostsFixed CostsItemItemDay care attendant$2.88Rent232.14Toys0.27Loan150.00Bowls0.10Utilities and Insurance214.29TowelsDepreciation on heating systemCleaning Products: OdobanCleaning Products: Simple Green1.4029.6415.5916.78Draw200.00Total Variable Costs$4.65Total Fixed Costs858.44Based on 12 dogs per day. Assume 22 eight-hour work days for kennel attendant.BOARDINGVariable CostsFixed CostsItemItemKennel attendant5.62Depreciation on kennels80.00Bowls0.86Rent386.90Towels0.87Loan250.00Utilities and Insurance357.14Depreciation on heating system49.40Cleaning Products: OdobanCleaning Products: Simple Green25.9829.55Draw200.00Total Variable Costs7.35Total Fixed Costs1,378.97 HK-9 Grooming & CampMILESTONE 2 - Contribution Margin per Unit & Contribution Margin RatioINSTRUCTIONS:Select a price from the scenarios below and compute the contribution for each service based on your selected price.Variable cost per unit comes from your Variable_Fixed tab completed in Milestone 1.SCENARIO (choose one from each category):Dog Day Care1. With pricing at $18 per dog per day, you can expect to have 22 dogs per day.2. With pricing at $20 per dog per day, you can expect to have 15 dogs per day.3. With pricing at $25 per dog per day, you can expect to have 10 dogs per day.Overnight Boarding1. With pricing at $25 per dog per day, you can expect to have 12 dogs per day.2. With pricing at $28 per dog per day, you can expect to have 10 dogs per day.3. With pricing at $30 per dog per day, you can expect to have 7 dogs per day.Basic Groom1. With pricing at $25 per dog per day, you can expect to have 5 dogs per day.2. With pricing at $30 per dog per day, you can expect to have 4 dogs per day.3. With pricing at $35 per dog per day, you can expect to have 3 dogs per day.DAY CAREBOARDINGGROOMINGSales Price per Unit$$Variable Cost per UnitContribution Margin$$%24

Formula of contribution margin: Contribution margin = Sales - Variable costs Formula of contribution margin ratio: Contribution margin ratio =Contribution marginSales×100

Business

Accounting

K-9 Grooming & Camp MILESTONE 2 - Contribution Margin per Unit & Contribution Margin Ratio INSTRUCTIONS: Select a price from the scenarios below and compute the contribution for each service based on your selected price. Variable cost per unit comes from your Variable_Fixed tab completed in Milestone 1. SCENARIO (choose one from each category): Dog Day Care 1. With pricing at $18 per dog per day, you can expect to have 22 dogs per day. 2. With pricing at $20 per dog per day, you can expect to have 15 dogs per day. 3. With pricing at $25 per dog per day, you can expect to have 10 dogs per day. Overnight Boarding 1. With pricing at $25 per dog per day, you can expect to have 12 dogs per day. 2. With pricing at $28 per dog per day, you can expect to have 10 dogs per day. 3. With pricing at $30 per dog per day, you can expect to have 7 dogs per day. Basic Groom 1. With pricing at $25 per dog per day, you can expect to have 5 dogs per day. 2. With pricing at $30 per dog per day, you can expect to have 4 dogs per day. 3. With pricing at $35 per dog per day, you can expect to have 3 dogs per day. DAY CARE BOARDING GROOMING Sales Price per Unit Variable Cost per Unit Contribution Margin %24

K-9 Grooming & Camp MILESTONE 2 - Contribution Margin per Unit & Contribution Margin Ratio INSTRUCTIONS: Select a price from the scenarios below and compute the contribution for each service based on your selected price. Variable cost per unit comes from your Variable_Fixed tab completed in Milestone 1. SCENARIO (choose one from each category): Dog Day Care 1. With pricing at $18 per dog per day, you can expect to have 22 dogs per day. 2. With pricing at $20 per dog per day, you can expect to have 15 dogs per day. 3. With pricing at $25 per dog per day, you can expect to have 10 dogs per day. Overnight Boarding 1. With pricing at $25 per dog per day, you can expect to have 12 dogs per day. 2. With pricing at $28 per dog per day, you can expect to have 10 dogs per day. 3. With pricing at $30 per dog per day, you can expect to have 7 dogs per day. Basic Groom 1. With pricing at $25 per dog per day, you can expect to have 5 dogs per day. 2. With pricing at $30 per dog per day, you can expect to have 4 dogs per day. 3. With pricing at $35 per dog per day, you can expect to have 3 dogs per day. DAY CARE BOARDING GROOMING Sales Price per Unit Variable Cost per Unit Contribution Margin %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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