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In: AccountingSo I did the Milestone 1 already and it seems to be correct. Butnow i...So I did the Milestone 1 already and it seems to be correct. Butnow i need to do the Milestone 2Please help.Street SweepMILESTONE 1 - Variable & Fixed CostExerciseINSTRUCTIONS:Determine the per unit cost for each dog.Fill in the blanks to get the per unit cost andfixed cost of each service.Based on 5 grooms per dayGROOMINGItemVariable CostsItemFixed CostsShampoo$ 1.04Groomer$ 2,080.01Clipper(s) 1.37Rent 30.95Bowls 0.72Loan 20.00Towels 5.83Utilities and Insurance 28.57Scissors 1.01Depreciation on heating system 3.95Cleaning Products: Odoban 2.08Cleaning Products: Simple Green 2.36Draw 200.00Total Variable Costs$ 9.97Total Fixed Costs$ 2,367.92Based on 22 dogs per day for six days a week.Assume 25 operating days for kennel and 22 eight-hour work days forkennel attendant.DAY CAREItemVariable CostsItemFixed CostsDay care attendant$ 2.88Rent$ 232.14Toys 0.27Loan 150.00Bowls 0.10Utilities and Insurance 214.29Towels 1.40Depreciation on heating system 29.64Cleaning Products: Odoban 15.59Cleaning Products: Simple Green 16.78Draw 200.00Total Variable Costs$ 4.74Total Fixed Costs$ 858.44Based on 12 dogs per day. Assume 22 eight-hour workdays for kennel attendant.BOARDINGItemVariable CostsItemFixed CostsKennel attendant$ 5.63Depreciation on kennels$ 80.00Bowls 0.86Rent 386.90Towels 0.87Loan 250.00Utilities and Insurance 357.16Depreciation on heating system 49.40Cleaning Products: Odoban 25.98Cleaning Products: Simple Green 29.55Draw 200.00Total Variable Costs$ 7.36Total Fixed Costs$ 1,378.99Street SweepMILESTONE 2 - Contribution Margin per Unit &Contribution Margin RatioINSTRUCTIONS:Select a price from the scenarios below and computethe contribution for each service based on your selectedprice.Variable cost per unit comes from yourVariable_Fixed tab completed in Milestone 1.SCENARIO (choose one from each category):Dog Day Care1. With pricing at $18 per dog per day, you canexpect to have 22 dogs per day.2. With pricing at $20 per dog per day, you canexpect to have 15 dogs per day.3. With pricing at $25 per dog per day, you canexpect to have 10 dogs per day.Overnight Boarding1. With pricing at $25 per dog per day, you canexpect to have 12 dogs per day.2. With pricing at $28 per dog per day, you canexpect to have 10 dogs per day.3. With pricing at $30 per dog per day, you canexpect to have 7 dogs per day.Basic Groom1. With pricing at $25 per dog per day, you canexpect to have 5 dogs per day.2. With pricing at $30 per dog per day, you canexpect to have 4 dogs per day.3. With pricing at $35 per dog per day, you canexpect to have 3 dogs per day.DAY CAREBOARDINGGROOMINGSales Price$ - $ - $ - Variable Cost per Unit - - - Contribution Margin$ - $ - $ - Street SweepMILESTONE 2 - Break-Even AnalysisINSTRUCTIONS:Show all steps and calculations to determine thebreak-even.Determine the break-even for the target profitlevels as outlined in the instructions. Break-even = Fixed Costs / Contribution MarginDAY CAREBOARDINGGROOMINGSales Price$ - $ - $ - Fixed Costs$ - $ - $ - Contribution Margin$ - $ - $ - Break-even Units (round up) - - - Target Profit$ 417.00$ 583.00$ 1,000.00Break-even Units (round up) - - - Target Profit$ 667.00$ 909.00$ 1,500.00Break-even Units (round up) - - -
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