ACC 202 Milestone One: Operational Costs Data Appendix You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you have estimates for the various operating costs for your business. The total square footage for the sewing rooms is 1,500 square feet broken into three areas (500 square feet each). You have taken out a loan for start-up costs, and the monthly payment is 0; it goes into effect immediately and should be accounted for in your costs.

You will also collect a modest salary for the first year of 0 per month; remember to divide evenly among the services. Salary and Hiring Data · One collar maker, who will be paid .00 per hour and work 40 hours per week · One leash maker, who will be paid .00 per hour and work 40 hours per week · One harness maker, who will be paid .00 per hour and work 40 hours per week · One receptionist, who will be paid .00 per hour and work 30 hours per week Other Costs · Rent: 0 per month; allocate based on square footage · High-tensile strength nylon webbing— per yard of webbing · 3 collars per yard of webbing · 2 leashes per yard of webbing · 2 harnesses per yard of webbing · Polyester/nylon ribbons— per yard of ribbon · 3 collars per yard of webbing · 2 leashes per yard of webbing · 2 harnesses per yard of webbing · Buckles made of cast hardware—

Acc 202 Milestone One Operational Costs Data Appendixyou Plan To Open

ACC 202 Milestone One: Operational Costs Data Appendix You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you have estimates for the various operating costs for your business. The total square footage for the sewing rooms is 1,500 square feet broken into three areas (500 square feet each). You have taken out a loan for start-up costs, and the monthly payment is $550; it goes into effect immediately and should be accounted for in your costs.

You will also collect a modest salary for the first year of $500 per month; remember to divide evenly among the services. Salary and Hiring Data · One collar maker, who will be paid $16.00 per hour and work 40 hours per week · One leash maker, who will be paid $16.00 per hour and work 40 hours per week · One harness maker, who will be paid $17.00 per hour and work 40 hours per week · One receptionist, who will be paid $15.00 per hour and work 30 hours per week Other Costs · Rent: $750 per month; allocate based on square footage · High-tensile strength nylon webbing—$12 per yard of webbing · 3 collars per yard of webbing · 2 leashes per yard of webbing · 2 harnesses per yard of webbing · Polyester/nylon ribbons—$9 per yard of ribbon · 3 collars per yard of webbing · 2 leashes per yard of webbing · 2 harnesses per yard of webbing · Buckles made of cast hardware—$0.50 per buckle · 4 buckles used per collar · 3 buckles used per leash · 8 buckles used per harness · 3 industrial sewing machines at $3,300 each for a total of $9,900; depreciation is $165 per month (5-year life) · Utilities and insurance: $600 per month; allocate based on square footage · Scissors, thread, cording: $1,200 · Price tags: $250 for 2,500 ($0.10 each) · Office supplies: $2,400 or $200 per month · Other business equipment: $2,000 · Loan payment of $550 per month · Salary drawn of $500 per month Trends in the Healthcare Administration Industry Name School Course Professor Date MEMORANDUM TO: Professor FROM: YOU DATE: DATE Trends in the Healthcare Administration Industry We usually imagine a hospital or doctor’s office and the treatment of patients when considering healthcare.

Did you know that healthcare is a business like any other business? Skilled leaders and employees are required to keep things running efficiently within a healthcare facility. Healthcare administration runs staffing for medical organizations and institutions. This industry’s main goal is to gain and manage quality staff to ensure the organization or institution functions efficiently. In this memo, three trends within the Healthcare Administration will be discussed: a growing field, leadership skills, and evolving positions.

Discussion of Three Trends A Growing Field Healthcare administrators runs staffing for medical organizations and institutions, as well as sharing some responsibilities with healthcare management to ensure the facility is running the way it's supposed to. Just 8 years ago, a number of new government initiatives, combined with the increasing role of information technology, has led to a general restructuring in healthcare institutions. Organizations need people to deal with the new technology, services, regulations, health recording methods, and government requirements, which means hiring more administrators (Stone, 2013). In the past year, pre and post COVID-19 outbreak, more facilities have moved to telemedicine.

The need for not only Health Information Technology (HIT) employees have grown, but healthcare administrators are also vital to the overall success to administer healthcare for those in need. Administrators bridge the gap between the facility and vender concerning resources, supplies, and devices needed for patients. Leadership Skills Healthcare administrators are responsible for the daily operations of a facility. Tasks such as supervising nutritional needs of patients, identifying staffing needs and hiring accordingly, ensuring food safety guidelines are met, and ensuring that safety standards for patient care are met and surpassed. A facility cannot operate without administrators working behind the scenes.

Leaders are vital in ensuring effective daily operations are achieved. Administrators ensure everything and everyone operates within its policy and procedures. Candidates and hires are encouraged to have taken leadership courses to assume certain management/mid-level positions within a facility. Evolving Positions Healthcare administration is one of the fastest-growing careers in the US, but in an increasingly complex and fragmented landscape, healthcare administration is becoming more of an umbrella term than a specific career. New innovations in healthcare aren’t simply upgrading the old, they’re entirely reinventing the new, and there are new job titles and career opportunities emerging as a result (Gustafson, 2021).

Continuing education is the key for a career transition or promotion. Positions such as Program Coordinator, Health System Administrator, RN Manager Clinic, Director of Patient Care Services-RN, or Patient Care Team Manager RN requires dual degrees. Conclusion Based on the above discussion of three trends, employers are encouraged to hire skilled and educated leaders and employees to keep their operations efficiently within the healthcare facility. Employers must ensure that the best candidate has the proper education and the perfect fit of the position that is open for hire. Potential employees must have the education, dual degree and skills preferred, to effectively support the overall mission- the patient.

Evolving with each healthcare’s multi- industry and creating positions is also a must- to ensure that patients receive care. Employers, employees, and candidates must ensure they are educating themselves on the trend of Healthcare Administration. References Glassdoor job Search | find the job that fits your life. (n.d.). Retrieved March 3, 2021, from Gustafson, K. (n.d.). Five emerging careers in healthcare administration.

Retrieved March 03, 2021, from Healthcare administration Guide. (2021, March 01). Retrieved March 03, 2021, from Stone, I. (2013, November 29). Trends for healthcare ADMINISTRATION GRADUATES. Retrieved March 03, 2021, from Instructions Southern New Hampshire University College of Continuing Education (COCE) ACC202 - Managerial Accounting MILESTONE 1 (Due in Module 2) MILESTONE 2 (Due in Module 4) MILESTONE 3 (Due in Module . 1.

1. Name Choose a price range and calculate: Create a Cost of Goods Manufactured Schedule Location Grooming Vision Day Care Mission Boarding 2. 2. 2. Identify the following: Calculate the break-even units Create an Income Statement Direct Materials Grooming Revenue will be provided end of week 4 Diret Labor Day Care Manufacturing Overhead Boarding Period Costs Calculate the break-even for target profits 3.

Grooming 3. Day Care Calculate the Variable & Fixed Costs for: Boarding Calculate for the Grooming line: Grooming Direct Labor Time Variance Day Care Direct Labor Rate Variance Boarding Direct Materials Efficiency Variance Direct Materials Price Variance ACC202 - MANAGERIAL ACCOUNTING Company Profile /xl/drawings/drawing1.xml#CompanyProfile Variable & Fixed Costs /xl/drawings/drawing1.xml#VariableFixedCosts Cost Classification /xl/drawings/drawing1.xml#CostClassification Contribution Margin /xl/drawings/drawing1.xml#ContributionMargin Break-Even Analysis /xl/drawings/drawing1.xml#BreakevenAnalysis COGM Schedule /xl/drawings/drawing1.xml#COGMSchedule Income Statement /xl/drawings/drawing1.xml#COGMSchedule Variances /xl/drawings/drawing1.xml#Variances Instructions Milestone 1 /xl/drawings/drawing1.xml#InstructionsMilestone1 Instructions Milestone 2 /xl/drawings/drawing1.xml#'Instructions%20-%20Milestone%202'!InstructionsMilestone2 Instructions Milestone 3 /xl/drawings/drawing1.xml#'Instructions%20-%20Milestone%203'!InstructionsMilestone3 Instructions - Milestone 1 Southern New Hampshire University College of Continuing Education (COCE) ACC202 - 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 COST CLASSIFICATION Accurately classify all of your costs (direct material, direct labor, manufacturing overhead, period costs) Fixed & Variable cost designation is provided VARIABLE & FIXED COSTS Determine your per unit cost per dog for grooming, day care and boarding OPERATIONAL & 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 amoung the services (grooming, day care, boarding) SALARY & HIRING DATA Groomer (Allison) - $12.00 an hour, 40 hours a week Day Care Attendant (Beverly) - $9.00 per hour, based on need Receptionist (Cathie) - $8.50 per hour, 30 hours a week Kennel Attendant (Ben) - $11.50 per hour, based on need 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 & 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 wil 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 .

ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing2.xml#Home Cost Classification Milestone One - Cost Classification INSTRUCTIONS: Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, Overhead, or Period Costs. The Fixed and Variable cost classifications have been provided for you. Item/Cost Direct Material Direct Labor Overhead Period Costs Fixed Variable Salary - Collar maker x Salary - Leash maker x Salary - Harness maker x Salary - Receptionist High-tensile strength nylon webbing x Polyester/nylon ribbons x Buckles made of cast hardware x Depreciation on sewing machines x Rent x Utilities and insurance x Scissors, thread, and cording x Price tags x Office supplies Oter business equipment Loan payment x Salary to self x &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing3.xml#Home Variable and Fixed Costs Milestone One - Variable and Fixed Costs Collars Item Variable Cost/Item Item Fixed Costs High-tensile strength nylon webbing $ 4.00 Collar maker's salary (monthly) $ 2,773.33 Polyester/nylon ribbons Depreciation on sewing machines Buckles made of cast hardware Rent Price tags Utilities and insurance Scissors, thread, and cording Loan payment $ 183.33 Salary to self $ 166.67 Total Variable Costs per Collar Total Fixed Costs Leashes Item Variable Cost/Item Item Fixed Costs High-tensile strength nylon webbing Leash maker's salary (monthly) Polyester/nylon ribbons Depreciation on sewing machines Buckles made of cast hardware Rent Price tags Utilities and insurance Scissors, thread, and cording Loan payment Salary to self Total Variable Costs per Leash Total Fixed Costs $ - 0 Harnesses Item Variable Cost/Item Item Fixed Costs High-tensile strength nylon webbing Harness maker's salary Polyester/nylon ribbons Depreciation on sewing machines Buckles made of cast hardware Rent Price tags Utilities and insurance Scissors, thread, and cording Loan Salary to self Total Variable Costs per Harness Total Fixed Costs &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing4.xml#Home Instructions - Milestone 2 Southern New Hampshire University College of Continuing Education (COCE) ACC202 - Managerial Accounting INSTRUCTIONS FOR MILESTONE 2 (Due Week 4) IMPORTANT NOTE: Make sure to completely review the Rubric for Milestone 2 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 (Green Tabs): GENERAL Use data from Milestone 1 in your analysis CONTRIBUTION MARGIN ANALYSIS Select a price for each service (grooming, day care, boarding) Determine the variable cost from the Variable_Fixed tab for each service Calculate the contribution margin for each service based on your sales price and the variable cost for that service BREAK-EVEN ANALYSIS Determine the fixed cost from the Variable_Fixed tab for each service Fixed & Variable cost designation is provided Calculate the break-even units (round up) for each service Calculate the break-even units (round up) for suggested target profit levels for each service ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing5.xml#Home Contribution Margin Analysis Milestone Two - Contribution Margin Analysis COLLARS LEASHES HARNESSES Sales Price per Unit Variable Cost per Unit Contribution Margin &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing6.xml#Home Break-Even Analysis Milestone Two - Break-Even Analysis COLLARS LEASHES HARNESSES Sales Price $ - 0 $ - 0 $ - 0 Fixed Costs $ - 0 $ - 0 $ - 0 Contribution Margin $ - 0 $ - 0 $ - 0 Break-Even Units (round up) - Target Profit $ 300.00 $ 400.00 $ 500.00 Break-Even Units (round up) - Target Profit $ 500.00 $ 600.00 $ 650.00 Break-Even Units (round up) - &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing7.xml#Home Instructions - Milestone 3 Southern New Hampshire University College of Continuing Education (COCE) ACC202 - Managerial Accounting INSTRUCTIONS FOR MILESTONE 3 (Due Week 5) IMPORTANT NOTE: Make sure to completely review the Rubric for Milestone 3 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 (Purple Tabs): GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be provided at the end of Module 4 COST OF SERVICES PROVIDED SCHEDULE Use the data at the top of the schedule to complete the report INCOME STATEMENT Use the data at the top of the schedule to complete the report Use the data from your Cost of Services Provided Schedule VARIANCES Use the data at the top of the schedule to calculate the following: Variance Favorable / Unfavorable ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing8.xml#Home COGS Milestone Three - Statement of Cost of Goods Sold Beginning Work in Process Inventory 0 Direct Materials: Materials: Beginning 0 Add: Purchases for month of January Materials available for use Deduct: Ending materials - 0 Materials Used Direct Labor Overhead Total Costs Deduct: Ending Work in Process Inventory 0 Cost of Goods Sold &8ACC202 - MANAGERIAL ACCOUNTING HOME /xl/drawings/drawing9.xml#Home Income Statement Milestone Three - Income Statement Revenue: Collars $ - 0 Leashes - 0 Harnesses - 0 Total Revenue: $ - 0 Cost of goods sold - 0 Gross profit $ - 0 Expenses: General and administrative salaries $ - 0 Depreciation - 0 Rent - 0 Utilities and insurance - 0 Scissors, thread, and cording Loan - 0 Total Expenses $ - 0 Net Income/Loss $ - 0 &8ACC202 - MANAGERIAL ACCOUNTING Variances Milestone Three - Variance Analysis Data for Variance Analysis: Budgeted (Standard) Hours/Qty Budgeted (Standard) Rate Actual Hours/Qty Actual Rate Labor Materials Variances for Collar Sales Variance Favorable/ Unfavorable Direct Labor Time Variance (Actual Hours - Standard Hours) x Standard Rate $ - 0 Direct Labor Rate Variance (Actual Rate - Standard Rate) x Actual Hours $ - 0 Direct Materials Quantity/Efficiency Variance (Actual Quantity - Standard Quantity) x Standard Price $ - 0 Direct Materials Price Variance (Actual Price - Standard Price) x Actual Quantity $ - 0 &8ACC202 - MANAGERIAL ACCOUNTING