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:
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 business’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 company’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 services and logically interpret the business’s performance against the provided benchmarks. [ACC-20202]
2. Share the income statement and logically interpret the business’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 “Cost Classification” tab. [ACC-202-01]
B. Conduct a cost-volume profit analysis:
1. Determine your contribution margin per unit and contribution margin ratio in the “Contribution Margin Analysis” tab. [ACC-202-01]
2. Determine your break-even points for achieving your target profits in the “Break-even analysis” tab. [ACC-202-01]
Milestones
Milestone One: First Part of Workbook
In Module Two, you will submit the “Cost Classifications” and “Variable_Fixed” 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 “Contribution Margin Analysis” and “Break-even Analysis” 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 “COS Schedule,” “Income Statement,” and “Variances” 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 12–15 slides plus speaker notes, and all citations should follow APA formatting.
Critical Elements
Introduce:
Company’s Profile
Exemplary (100%)
Meets “Proficient” criteria and
judiciously includes details
relevant to the target audience
of the presentation
Proficient (85%)
Outlines the company’s profile,
including its name, location,
and mission and vision
3
Needs Improvement (55%)
Outlines the company’s profile
but fails to include its name,
location, and mission and vision
Not Evident (0%)
Does not outline the company’s
profile
Value
3
Introduce: Purpose
[ACC-202-03]
Meets “Proficient” criteria and
demonstrates nuanced
appreciation for the role of
managerial accounting in
ethically supporting the mission
of an organization
Meets “Proficient” criteria and
demonstrates nuanced
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
presentation, but fails to fully
or persuasively make a case for
the importance of the
accounting information
Does not explain the purpose of
the presentation
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
Does not explain the methods
for generating the information
in the presentation
7
Meets “Proficient” criteria and
demonstrates nuanced
appreciation for the role of
managerial accounting in
ethically supporting the mission
of an organization
Meets “Proficient” criteria and
demonstrates keen insight into
key cost behaviors and cost
systems
Illustrates how the managerial
accounting methods support
the mission of the organization
using specific examples
Does not discuss illustrate how
the managerial accounting
methods support the mission of
the organization
7
Does not discuss the use of job
order costing
6
Financial Strategy:
Selling Prices
[ACC-202-02]
Meets “Proficient” 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-volumeprofit analysis
Does not explain the selling
prices for grooming, day care,
and boarding
8
Financial Strategy:
Target Profits
[ACC-202-02]
Meets “Proficient” 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 methods for
generating the information in
the presentation, but fails to
fully defend the methods in
terms of their adherence to
industry standards and the
AICPA code of ethics
Discusses how the managerial
accounting methods support
the mission of the organization,
but fails to fully or accurately
illustrate using specific
examples
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
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
Explains the target profits for
each area of the business, but
fails to fully or accurately
defend each one by citing
financial data from the costvolume-profit analysis
Does not explain the target
profits for each area of the
business
8
Introduce: Defend of
Methods
[ACC-202-03]
Introduce: Support
the Mission
[ACC-202-03]
Financial Strategy:
Costing Systems
[ACC-202-01]
Justifies the use of job order
costing by comparing and
contrasting the various costing
systems covered in the course
4
Financial Strategy:
Contribution Margin
[ACC-202-02]
Meets “Proficient” 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
Financial
Statements:
Statement of Cost of
Services
[ACC-202-02]
Meets “Proficient” criteria and
demonstrates sophisticated
ability to evaluate critical
performance measures for
strategic planning
Shares the statement of cost of
services and logically interprets
the business’s performance
against the provided
benchmarks
Financial
Statements: Income
Statement
[ACC-202-02]
Meets “Proficient” criteria and
demonstrates sophisticated
ability to evaluate critical
performance measures for
strategic planning
Shares the income statement
and logically interprets the
business’ performance against
the provided benchmarks
Variance Analysis:
Identify
[ACC-202-02]
Meets “Proficient” criteria and
demonstrates sophisticated
ability to evaluate critical
performance measures for
strategic planning
Meets “Proficient” criteria and
demonstrates sophisticated
ability to evaluate critical
performance measures for
strategic planning
Accurately identifies all
variances for the direct labor
time and the materials price
Meets “Proficient” criteria and
demonstrates keen insight into
key cost behaviors and cost
systems
Accurately classifies all costs in
the “Cost Classification” tab of
the workbook
Variance Analysis:
Significance of the
Variance
[ACC-202-02]
Addendum: Classify
Costs
[ACC-202-01]
Evaluates the significance of
the variances in terms of their
potential to impact future
budgeting decisions and
planning
5
Explains the contribution
margin per unit and
contribution margin ratio, but
fails to fully or accurately
defend each by citing financial
data from the cost-volumeprofit analysis
Shares the statement of cost of
services, but there are
inaccuracies in the statement,
or the interpretation has gaps
in logic or fails to address 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
Identifies variances for the
direct labor time and the
materials price, but fails to fully
or accurately identify each
Does not explain the
contribution margin per unit
and contribution margin ratio
8
Does not share the statement
of cost of services
6
Does not share the income
statement
6
Does not identify variances for
the direct labor time and the
materials price
6
Evaluates the significance of
the variances, but fails to fully
or accurately identify their
potential to impact future
budgeting decisions and
planning
Classifies costs in the “Cost
Classification” tab, but fails to
fully or accurately classify each
Does not evaluate the
significance of the variances
7
Does not classify costs in the
“Cost Classification” tab of the
workbook
6
Addendum:
Contribution Margin
[ACC-202-01]
Meets “Proficient” criteria and
demonstrates keen insight into
key cost behaviors and cost
systems
Determines the contribution
margin per unit and
contribution margin ratio in the
“Contribution Margin Analysis”
tab of the workbook
Addendum: BreakEven Points
[ACC-202-01]
Meets “Proficient” criteria and
demonstrates keen insight into
key cost behaviors and cost
systems
Determines the break-even
points for achieving the target
profits in the “Break-even
analysis” tab of the workbook
Effective Business
Communication
[ACC-202-02]
Meets “Proficient” criteria and
demonstrates sophisticated
ability to effectively
communicate to internal
stakeholders
Main ideas are clearly
communicated and references
are properly cited throughout
the presentation
6
Determines the contribution
margin per unit and
contribution margin ratio in the
“Contribution Margin Analysis”
tab of the workbook, but fails
to fully or accurately complete
the analysis
Determines the break-even
points for achieving the target
profits in the “Break-even
analysis” tab of the workbook,
but fails to fully or accurately
complete the analysis
There are minor issues with the
communication of ideas or use
of citations that negatively
impact the effectiveness of the
presentation
Does not determine the
contribution margin per unit
and contribution margin ratio in
the “Contribution Margin
Analysis” tab of the workbook
6
Does not determine the breakeven points for achieving the
target profits in the “Breakeven analysis” tab of the
workbook
6
There are critical errors in the
communication of ideas that
negatively impact basic
comprehension of the
presentation
Total
3
100%
Appendix
Scenario: Prior to Opening, Part I: You plan to open a pet-services business that will offer dog grooming, day care, and boarding. You can be creative in deciding
the name of your business (e.g., “Inspiring Dog Care”), its geographical location (e.g., Chicago), and its mission and vision for adding value to the community. You
will be asked to make choices for a few other details to customize your case; otherwise, you should use the information below.
There are 12 kennels (single dog only) and the day care area can house 10 large dogs and 12 small dogs each day. The grooming facility is 200 square feet, the
boarding facility is 2,500 square feet, and the day care is 1,500 square feet. Your groomer can groom five dogs a day for five days a week; each groom consists of
1.5 labor hours. You also offer dog day care six days a week, and kenneling every day. You have taken out a loan for start-up costs and the monthly payment is
$420; it goes into effect immediately and should be accounted for in your costs. With limited cash contribution and loan funding, you located two angel
investors. You will collect a modest draw for the first year of $600 a month; remember to divide evenly among the services.
Note: For simplicity, base all calculations using 30 days in each month.
You estimate the following staffing needs:
A groomer who will be paid $12/hour and work 40 hours a week
A day care attendant who will be paid $9/hour and will work 22 eight-hour days per month
A receptionist who will be paid $8.50/hour and work 30 hours a week
A kennel attendant who will be paid $11.50/hour and will work 22 eight-hour days per month
A complete list of additional costs is provided below:
Food and water bowls: $3.59/unit
o Daycare: Two bowls last for every 75 dogs that attend daycare.
o Boarding: Two bowls last for every 100 dogs that are boarded; you need two bowls per kennel.
o Grooming: Each bowl lasts for 20 grooms and you need four bowls at all times.
Fencing for daycare area: $1,249; installation of fencing: $1,000
Dog grooming arm: $300
12 kennels: $9,500; depreciation is $80/month
Rent: $650/month; allocate based on square footage
Utilities/insurance: $600/month; allocate based on square footage
Grooming table: $900
Grooming tub: $2800
7
Heating system: $10,000; depreciation is $83/month; allocate based on square footage
Clippers: $136.99; can be used for 100 grooms
Shampoo: $103.96 per five-gallon pail, which can be used for 100 grooms
Cage bank: $2200 per set of 5
Salon Tuff Capri mobile carry cart: $90
Towels: $34.99 per 12 pack
o Day care: You need to have 12 towels for every 25 dogs.
o Boarding: You need to have 12 towels for every 40 dogs.
o Grooming: You need to have two towels for every groom per day.
Scissors: (1) 7-inch straight is $194.99, and (1) ear-and-nose is $7.49; each can be used for 200 grooms.
Toys: $3.29 per 6-pack; one toy will last for two dogs in day care, per day.
Cleaning products:
o Odoban: $14.55/gallon: Each area will dilute 1 oz to 1 gallon of water; allocate based on square footage.
o Simple Green: $15.66/gallon: each area will dilute 1 oz to 1 gallon of water; allocate based on square footage.
Dryer: $1250
Rubberized flooring for day care: $3800
Scenario: Prior to Opening, Part II: Your market research indicated the following price ranges as optimal for your area:
Dog Day Care
o With pricing at $18 per dog per day, you can expect to have 22 dogs per day.
o With pricing at $20 per dog per day, you can expect to have 15 dogs per day.
o With pricing at $25 per dog per day, you can expect to have 10 dogs per day.
Overnight Boarding
o With pricing at $25 per dog per day, you can expect to have 12 dogs per day.
o With pricing at $28 per dog per day, you can expect to have 10 dogs per day.
o With pricing at $30 per dog per day, you can expect to have 7 dogs per day.
Basic Groom
o With pricing at $25 per groom, you can expect to do 5 grooms per day.
o With pricing at $30 per groom, you can expect to do 4 grooms per day.
o With pricing at $35 per groom, you can expect to do 3 grooms per day.
Additionally, you need to compare your break-even points for the following target profits for each area of your business:
8
Day Care
o Break-even
o $417 target profit each month
o $667 target profit each month
Boarding
o Break-even
o $583 target profit each month
o $909 target profit each month
Grooming
o Break-even
o $1,000 target profit each month
o $1,500 target profit each month
Post-opening Scenario: Your angel investors are silent in relation to the business; however, they require board meetings for status updates on the company’s
financial health. Therefore, you need to analyze your company’s performance over the last month using the data provided below.
Note: Your instructor will create an announcement sharing the income statement data by the end of Module Four. All of the data you need for the cost-ofgoods-manufactured statement can be found in the “COS Schedule” tab of your workbook.
For your variance analysis, use the following financial data:
Direct Materials/Labor
Original Projection
Actual
Shampoo
1000 ounces ($2/groom)
1200 ounces ($3/groom)
Grooming Labor
1.5 hrs/groom @ $12
2.25 hrs/groom @ $11.50
9
Purchase answer to see full
attachment