Accounting Presentation

In a detailed presentation (12 to 15 slides in length, plus speaker notes and an addendum), explain and defend your costing strategies (i.e., the business plan
created in your first and second milestones) and share your businessâ??s performance to-date (i.e., the work from your third milestone). Be sure to effectively
communicate to your stakeholders by breaking down concepts and using investor-friendly language to build their trust and confidence. Company’s name “Puppy Pals Day Center”* I have attached all the requirements and my complete workbook that has been graded (A) that will be essential to completing the presentation* *Absolutely no PLAGIARISM* *Please read instructions thoroughly and be sure to complete all critical elements required*
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acc_202_final_project_guidelines_and_rubric.pdf

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Name
Location
Vision
Mission
1
Puppy Pals Day Center
Cleveland, OH
Become recognized across the nation, not just for the quality of our facilities, but for the quality of the pet and pet owner care we
To provide exceptional care for your pet in the vest way possible. We create a unique social experience for dogs and a new stan
2
3
Milestone One
Direct
Item/Cost
Materials
Groomer
Day care attendant
Receptionist
Kennel attendant
Food and water bowls
$175.19
Fencing for day care area
$1249.00
Installation of fencing
Dog grooming arm (attaches to table)
12 kennels cost
$9500.00
Depreciation on kennels
Rent
Utilties and insurance
Grooming table
$900.00
Grooming tub 48”
$2800.00
Heating system
Depreciation on heating system
Clippers
$136.99
Shampoo (Crystal Clear: five-gallon pail)
$103.96
Cage bank (set of five)
$2200.00
Salon Tuff Capri mobile carry cart
$90.00
Towels
$1687.08
Scissors (7-inch straight, ear & nose)
$202.48
Toys (used in day care only)
$444.15
Cleaning products (used throughout)
Dryer
$1250.00
Rubberized flooring (day care)
$3800.00
Loan
Draw
Direct
Manufacturing
Labor
Overhead
$1440.00
$9.00
$7650.00
$11.50
Period
Costs
Fixed
X
Variable
X
X
X
$1000.00
$30.00
$650.00
$600.00
X
X
X
X
X
X
$10,000.00
$83.00
X
X
X
X
$420.00 X
X
4
5
6
Instructions: For each item or cost, classify as:
Direct materials, direct labor, manufacturing overhead, or period cost
The fixed and variable costs classifications have been provided for you. For more information on fixed and variable c
see Objective 1 in Chapter 5
7
8
9
10
11
12
Milestone One
Determine the per-unit cost per dog
Grooming
Item
Shampoo
Clipper(s)
Bowls
Towels
Scissors
Costs
$1.05
1.37
0.72
5.83
1.01
Item
Groomer
Rent
Loan
Utilties and Insurance
Depreciation on heating system
Cleaning Products: Odoban
Cleaning Products: Simple Green
Draw
Total Variable Costs
$
Total Fixed Costs
9.97
Day Care
Item
Day care attendant
Toys
Bowls
Towels
Costs
2.88
0.27
0.19
1.40
Item
Rent
Loan
Utilties and Insurance
Depreciation on heating system
Cleaning Products: Odoban
Cleaning Products: Simple Green
Draw
13
Total Variable Costs
$
4.74
Total Fixed Costs
Boarding
Item
Kennel attendant
Bowls
Towels
Costs
5.63
0.86
0.87
Item
Depreciation on kennels
Rent
Loan
Utilties and Insurance
Depreciation on heating system
Cleaning Products: Odoban
Cleaning Products: Simple Green
Draw
Total Variable Costs
$
Total Fixed Costs
7.36
14
Instructions – fill in the blanks to get the per unit cost and fixed cost of each service.
Costs
$2,080
30.95
20.00
28.57
3.95
2.08
2.36
200.00
$ 2,367.92
Costs
232.14
150.00
214.29
29.64
15.59
17.73
200.00
15
$
859.39
Costs
80.00
386.90
250.00
357.16
49.40
25.98
29.55
200.00
$ 1,378.99
16
17
18
Prepare the Contribution Margin per Unit and Contribution Margin Ratio
Grooming
Day Care
Sales Price
Variable Cost per unit
Contribution Margin
$
$
$25.00
9.97
15.03
Sales Price
Variable Cost per unit
Contribution Margin
$
$
$
18.00
4.74
13.26
Instructions – select a price from below and compute the contribution margin for each se
Yes
Yes
Yes
1
19
Contribution Margin Analysis will be based on the pricing
from the given scenario. For instance, grooming price ma
$35.
Boarding
Sales Price
Variable Cost per unit
Contribution Margin
$
$
$
25.00
7.36
17.64
ontribution margin for each service based on your selected price. Variable cost per unit come from the Variable_Fixed page
20
ll be based on the pricing levels you choose
stance, grooming price may be $25, $30, or
$35.
ariable_Fixed page
21
Break-Even Analysis
Instructions – Show all steps and calculations to determine the break-even, as well as the break-even for the target pro
Grooming
Break-even Units=
Fixed Costs
Cont. Margin
Day Care
158
Break-even Units=
########
$15.03
Fixed Costs
Cont. Margin
22
65
$ 859.39
$ 13.26
the break-even for the target profit levels as outlined in the instructions. Round all decimals UP to next whole number
Boarding
Break-even Units=
Fixed Costs
Cont. Margin
78
$ 1,378.99
$
17.64
23
24
Puppy Pals Day Center
Statement of Cost of Goods Manufactured
For the Month Ended January
Beginning work in process inventory
Direct Materials:
Materials – Beginning
Add: Purchases for month of January
Materials Available for use
Deduct: Ending materials
Materials used in production
$
Direct Labor
Factory Overhead
Total Manufacturing OH
Deduct: Ending work in process inv.
Cost of Goods Manufactured

$
5,000.00
$
$
3,000.00
2,000.00
$
$
$
6,240.00
2,800.00
11,040.00
$
11,040.00
25
Instructions – the following are the actual numbers for January
Purchased $5,000 in materials and you consumed 40%
DL for January amounted to $6240
Factory OH 2,800
Complete the Statement in proper form
26
27
Puppy Pals Day Center
Income Statement
For the Month Ended January 31, 2017
Revenue:
Grooming
Day Care
Boarding
Cost of Goods Sold*
Gross Profit
Expenses:
G&A Salaries
Advertising
Cleaning Products
Depreciation
Tax Expense
Rent
Loan
Utilities and Insurance
Total Expenses
Net Income/Loss
$ 3,000.00
$ 11,880.00
$ 9,000.00 $ 23,880.00
$ 11,040.00
$12,840.00
$
$
$
$
1,200.00
100.00
120.00
83.00
$
$
$
650.00
420.00
600.00
$
9,667.00
$3173.00
*Cost of Goods Sold – same as COGM – there is no finished goods inventory to maintain
28
For Revenue instructor will provide you with the actual number of services based on your pricing levels
See the announcement at the end of module 4.
Additional information necessary to complete income statement:
General and Administrative Salaries paid $1,200
Advertising $100
100
Cleaning products $120
120
Depreciation $83
83
Rent $650
650
Loan $420
420
Utilities and insurance $600
29
30
Prepare the variance analysis for the following, and show formulas in words and work:
Prepare for 1 month
Significance (e.g., “favorable” or “unfavorable”)
Groomer Direct Labor Time Variance
DL Time Variance = (AH – SH) x SR
$
360.00
unfavorable
Groomer Direct Labor Rate Variance
DL Rate Variance = (AR – SR) x AH
$
(90.00)
favorable
Direct Materials Efficiency
DM Quantity Variance = (AQ – SQ) x SP
$
400.00
Direct Materials Price Varaince
DM Price Variance = (AP- SP) x AQ
$ 1,200.00
unfavorable
unfavorable
Use the website below for further help with variances:
http://accounting-simplified.com/management/variance-analysis/material/price.html
For the variance analysis use the following data
31
32
33
34
ACC 202 Final Project Guidelines and Rubric
Overview
Successful entrepreneurs understand all aspects of business, especially costs and costing systems. Managerial accounting provides a framework for strategic
analysis and planning with regard to cost behaviors and costing systems. In this final project, you have the opportunity to act as an entrepreneur and apply
managerial accounting principles to evaluate and manage costs related to your products within a costing system. Additionally, you will demonstrate your ability
to communicate your findings effectively to internal stakeholders, just as an actual business owner would need to do.
Specifically, you will assume the role of the owner of a hypothetical small business. In your milestone work, you will develop financial strategies prior to opening
your business. For the final submission, you will create a presentation for your investors after your business has been in operation for a certain period of time.
You will use the provided scenarios to complete your project. The project is divided into three milestones, which will be submitted at various points throughout
the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Four, and Five. The final product will
be submitted in Module Seven.
In this assignment, you will demonstrate your mastery of the following course outcomes:
ï?·
ï?·
ï?·
ACC-202-01: Apply fundamental costing systems to optimize operations within a business
ACC-202-02: Assess financial performance to communicate financial planning strategies to internal stakeholders
ACC-202-03: Leverage fundamental managerial accounting methods to support the mission of an organization
Prompt
In a detailed presentation (12 to 15 slides in length, plus speaker notes and an addendum), explain and defend your costing strategies (i.e., the business plan
created in your first and second milestones) and share your businessâ??s performance to-date (i.e., the work from your third milestone). Be sure to effectively
communicate to your stakeholders by breaking down concepts and using investor-friendly language to build their trust and confidence.
Specifically, the following critical elements must be addressed. Most of the critical elements align with a particular course outcome (shown in brackets).
I.
Introduce your presentation
A. Outline your companyâ??s profile, including its name, location, and mission and vision.
B. Explain for your investors the purpose of the presentation. What do you plan to communicate, and why should your investors pay attention? In
other words, try to persuade your investors that the accounting information you are about to share is important. [ACC-202-03]
C. Explain and defend your methods for generating the information that you are about to share in terms of your adherence to industry standards
and the AICPA code of ethics. In other words, why should your investors trust that you are delivering accurate financial data and that your
decision-making process has been ethical? [ACC-202-03]
1
D. Specifically, be sure to illustrate how your managerial accounting methods support the mission of your organization, using examples. [ACC-20203]
II.
Financial Strategy: Review your original business plan and costing strategies using the prior-to-opening scenario information.
A. Justify your use of job order costing. Be sure to compare and contrast the various costing systems you learned about in this course as part of
your defense. [ACC-202-01]
B. Explain and defend the selling prices that you established for grooming, day care, and boarding. Be sure to reference your cost-volume-profit
analysis in your defense. [ACC-202-02]
C. Explain and defend your selected target profits for each area of your business. Be sure to reference your cost-volume-profit analysis in your
defense. [ACC-202-02]
D. Explain and defend your contribution margin per unit and contribution margin ratio. Be sure to reference your cost-volume-profit analysis in
your defense. [ACC-202-02]
III.
Financial Statements: Assess your financial performance to-date using the post-opening scenario information.
A. Financial Statements
1. Share the statement of cost of goods manufactured and logically interpret the businessâ??s performance against the provided
benchmarks. [ACC-202-02]
2. Share the income statement and logically interpret the businessâ??s performance against the provided benchmarks. [ACC-202-02]
B. Variance Analysis
1. Identify all variances for the direct labor time and the materials price. [ACC-202-02]
2. Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning. [ACC-202-02]
IV.
In an addendum, submit your completed workbook, including the following:
A. Accurately classify all of your costs in the â??Cost Classificationâ? tab. [ACC-202-01]
B. Conduct a cost-volume profit analysis:
1. Determine your contribution margin per unit and contribution margin ratio in the â??Contribution Margin Analysisâ? tab. [ACC-202-01]
2. Determine your break-even points for achieving your target profits in the â??Break-even analysisâ? tab. [ACC-202-01]
Milestones
Milestone One: First Part of Workbook
In Module Two, you will submit the â??Cost Classificationsâ? and â??Variable_Fixedâ? tabs in your provided final project workbook. This milestone will be graded with
the Milestone One Rubric.
2
Milestone Two: Second Part of Workbook
In Module Four, you will submit the â??Contribution Margin Analysisâ? and â??Break-even Analysisâ? tabs in your provided final project workbook. This milestone will
be graded with the Milestone Two Rubric.
Milestone Three: Final Workbook
In Module Five, you will submit â??COGM Schedule,â? â??Income Statement,â? and â??Variancesâ? tabs in your provided final project workbook. This milestone will be
graded with the Milestone Three Rubric.
Final Submission: Presentation to Investors
In Module Seven, you will submit your final project. It should be a complete, polished artifact containing all of the critical elements of the final prompt. It should
reflect the incorporation of feedback gained throughout the course. This submission will be graded with the Final Project Rubric.
Deliverables
Milestone
Deliverable
Module Due
Grading
One
Cost Classification Tabs
Two
Graded separately; Milestone One Rubric
Two
Financial Scope of the Business Plan
Four
Graded separately; Milestone Two Rubric
Draft Presentation to Investors
Five
Graded separately; Milestone Three Rubric
Seven
Graded separately; Final Project Rubric
Three
Final Submission: Presentation to Investors
Final Project Rubric
Guidelines for Submission: Your presentation to investors must be at least 12â??15 slides plus speaker notes, and all citations should follow APA formatting.
Critical Elements
Exemplary (100%)
Introduce: Companyâ??s Meets â??Proficientâ? criteria and
Profile
judiciously includes details
relevant to the target audience
of the presentation
Proficient (85%)
Needs Improvement (55%)
Outlines the companyâ??s profile,
including its name, location, and
mission and vision
3
Outlines the companyâ??s profile
but fails to include its name,
location, and mission and vision
Not Evident (0%)
Does not outline the companyâ??s
profile
Value
3
Introduce: Purpose
[ACC-202-03]
Meets â??Proficientâ? criteria and
demonstrates nuanced
appreciation for the role of
managerial accounting in
ethically supporting the mission
of an organization
Introduce: Defend of Meets â??Proficientâ? criteria and
Methods
demonstrates nuanced
[ACC-202-03]
appreciation for the role of
managerial accounting in
ethically supporting the mission
of an organization
Explains the purpose of the
presentation, including a
persuasive case for the
importance of the accounting
information to be shared
Explains the purpose of the
Does not explain the purpose of
presentation, but fails to fully or the presentation
persuasively make a case for the
importance of the accounting
information
7
Explains and defends the
methods for generating the
information in the presentation
in terms of their adherence to
industry standards and the AICPA
code of ethics
Explains the methods for
Does not explain the methods
generating the information in the for generating the information in
presentation, but fails to fully
the presentation
defend the methods in terms of
their adherence to industry
standards and the AICPA code of
ethics
7
Introduce: Support
the Mission
[ACC-202-03]
Meets â??Proficientâ? criteria and
demonstrates nuanced
appreciation for the role of
managerial accounting in
ethically supporting the mission
of an organization
Illustrates how the managerial
accounting methods support the
mission of the organization using
specific examples
Discusses how the managerial
accounting methods support the
mission of the organization, but
fails to fully or accurately
illustrate using specific examples
Does not discuss illustrate how
the managerial accounting
methods support the mission of
the organization
7
Financial Strategy:
Costing Systems
[ACC-202-01]
Meets â??Proficientâ? criteria and
demonstrates keen insight into
key cost behaviors and cost
systems
Justifies the use of job order
costing by comparing and
contrasting the various costing
systems covered in the course
Discusses the use of job order
costing but fails to fully or
accurately justify its use by
comparing and contrasting the
various costing systems covered
in the course
Does not discuss the use of job
order costing
6
Financial Strategy:
Selling Prices
[ACC-202-02]
Meets â??Proficientâ? criteria and
demonstrates strategic ability to
propose costing solutions
supported by the financial data
Explains and defends the selling
prices for grooming, day care,
and boarding by citing financial
data from the cost-volume-profit
analysis
Explains the selling prices for
grooming, day care, and
boarding, but fails to fully or
accurately defend each price by
citing financial data from the
cost-volume-profit analysis
Does not explain the selling
prices for grooming, day care,
and boarding
8
Financial Strategy:
Target Profits
[ACC-202-02]
Meets â??Proficientâ? criteria and
demonstrates strategic ability to
propose costing solutions
supported by the financial data
Explains and defends the target
profits for each area of the
business by citing financial data
from the cost-volume-profit
analysis
Explains the target profits for
Does not explain the target
each area of the business, but
profits for each area of the
fails to fully or accurately defend business
each one by citing financial data
from the cost-volume-profit
analysis
4
8
Financial Strategy:
Contribution Margin
[ACC-202-02]
Meets â??Proficientâ? criteria and
demonstrates strategic ability to
propose costing solutions
supported by the financial data
Explains and defends the
contribution margin per unit and
contribution margin ratio by
citing financial data from the
cost-volume-profit analysis
Explains the contribution margin Does not explain the
per unit and contribution margin contribution margin per unit and
ratio, but fails to fully or
contribution margin ratio
accurately defend each by citing
financial data from the costvolume-profit analysis
8
Financial Statements:
Statement of Cost of
Goods Manufactured
[ACC-202-02]
Meets â??Proficientâ? criteria and
demonstrates sophisticated
ability to evaluate critical
performance measures for
strategic planning
Shares the statement of cost of
goods manufactured and
logically interprets the businessâ??s
performance against the
provided benchmarks
Shares the statement of cost of
goods manufactured, but there
are inaccuracies in the
statement, or the interpretation
has gaps in logic or fails to
address the provided
benchmarks
Does not share the statement of
cost of goods manufactured
6
Shares the income statement
and logically interprets the
businessâ?? performance against
the provided benchmarks
Shares the income statement,
but there are inaccuracies in the
statement or the interpretation
has gaps in logic or fails to
address the provided
benchmarks
Does not share the income
statement
6
Financial Statements: Meets â??Proficientâ? criteria and
Income Statement demonstrates sophisticated
[ACC-202-02]
ability to evaluate critical
performance measures for
strategic planning
Variance Analysis:
Identify
[ACC-202-02]
Meets â??Proficientâ? criteria and
demonstrates sophisticated
ability to evaluate critical
performance measures for
strategic planning
Accurately identifies all variances Identifies variances for the direct Does not identify variances for
for the direct labor time and the labor time and the materials
the direct labor time and the
materials price
price, but fails to fully or
materials price
accurately identify each
6
Variance Analysis:
Significance of the
Variance
[ACC-202-02]
Meets â??Proficientâ? criteria and
demonstrates sophisticated
ability to evaluate critical
performance measures for
strategic planning
Evaluates the significance of the
variances in terms of their
potential to impact future
budgeting decisions and planning
Evaluates the significance of the Does not evaluate the
variances, but fails to fully or
significance of the variances
accurately identify their potential
to impact future budgeting
decisions and planning
7
Addendum: Classify
Costs
[ACC-202-01]
Meets â??Proficientâ? criteria and
demonstrates keen insight i …
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