ACC 202 – Managerial Accounting: Milestone 1 Accounting help

ACC 202 – Managerial Accounting: Milestone 1 Accounting help

Southern New Hampshire University College of Continuing Education (COCE) ACC 202 – Managerial Accounting INSTRUCTIONS FOR MILESTONE 1 (Due Week 2) IMPORTANT NOTE: Make sure to completely review the rubric for Milestone 1. Use the data from this milestone and begin working on your final presentation due in Milestone 4 (Week 7). ITEMS TO COMPLETE FOR THIS MILESTONE (Blue Tabs): GENERAL You plan to open a pet services business that will offer dog grooming, day care, and boarding. COMPANY PROFILE TAB Determine a company name. Be creative (e.g., “Inspiring Dog Care”). Pick a location (e.g., “Chicago”). Define your company’s vision and mission for how your business will add value to the community. COST CLASSIFICATION Accurately classify all of your costs (direct material, direct labor, manufacturing overhead, period costs). Fixed and variable cost designation is provided. VARIABLE AND FIXED COSTS Determine your per-unit cost per dog for grooming, day care, and boarding. OPERATIONAL AND COST INFORMATION: For simplicity, base all calculations using 30 days in each month. OPERATIONAL DATA Grooming: The groomer can groom 5 dogs a day, 5 days a week. Each grooming takes 1.5 labor hours. Day Care: The day care can house 10 large dogs and 12 small dogs daily. Day care is offered 6 days a week. Boarding: There are 12 kennels (single dog only). Boarding (kennel services) is offered every day. Facilities: The Grooming facility is 200 square feet The Boarding facility is 2,500 square feet The Day Care facility is 1,500 square feet General: Loan for start-up costs – monthly payment of $420; in effect immediately; limited cash and loan funding – used angel investors Modest monthly draw of $600 a month for first year; should be divided evenly among the services (grooming, day care, boarding) SALARY & HIRING DATA Groomer – $12.00 an hour, 40 hours a week Day Care Attendant – $9.00 per hour, 22 days per month, 8 hours a day Receptionist – $8.50 per hour, 30 hours a week Kennel Attendant – $11.50 per hour, 22 days per month, 8 hours a day OTHER COST DATA Grooming: Dog Grooming Arm – $300 . Grooming Table – $900 Grooming Tub – $2,800 Clippers – $136.99; can be used for 100 grooms Shampoo – $103.96 per 5-gallon pail; can be used for 100 grooms Salon Tuff Capri Mobile Carry Cart – $90 Scissors (7-inch straight) – $194.99; used for 200 grooms Scissors (ear and nose) – $7.49; used for 200 grooms Day Care: Fencing for Day Care area – $1,249 Fencing Installation – $1,000 Toys – $3.29 per 6 pack; one toy will last for two dogs in day care per day Rubberized Flooring for Day Care – $3,800 Boarding: 12 Kennels; Depreciation is $80 per month General: Food and Water bowls – $3.59 per unit Day Care – two bowls last for every 75 dogs that attend daycare Boarding – two bowls last for every 100 dogs boarded; two bowls per kennel Grooming – each bowl lasts for 20 grooms and you need 4 bowls at all times Towels – $34.99 per 12 pack Day Care – 12 towels for every 25 dogs Boarding – 12 towels for every 40 dogs Grooming – 2 towels for every groom per day Heating System – $10,000; Depreciation is $83 per month; Allocate based on square footage Rent – $650 per month; Allocate based on square footage Utilities / Insurance – $600 per month; Allocate based on square footage Cage Bank – $2,200 per set of 5 Dryer – $1,250 Cleaning Products Odoban – $14.55 per gallon; Each area will dilute 1 oz to 1 gallon of water; Allocate based on square footage Simple Green – $15.66 per gallon; Each area will dilute 1 oz to 1 gallon of water; Allocate based on square footage

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