acc403module22slp - I chose the Harrison Barber Shop...

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TUI UNIVERSITY PRINCIPLES OF ACCOUNTING ACC 403 MODULE 2 SLP Dr Annette Hubble Gennaro A. Penn January 28, 2010
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The company I have chosen to focus on for my class project in the United States Army Finance Command, Operational Support Team (USAFINCOM, OST). Its mission is to provide standardized unit level training throughout the Financial Management Community to all units in the current ARFORGEN cycle: to provide technical support to financial management units on deployable systems. To provide realistic training of core competencies and a realistic certification exercise incorporating lessons learned to assist units in their preparation for deployment. It is very difficult to quantify our achievements, I decided to chose an activity within our organization that is more suitable for this assignment.
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Unformatted text preview: I chose the Harrison Barber Shop located on the 1 st Floor of my building. All information gathered for this assignment were obtain thru an interview with the shops manager for a period of a month. Formula BE= FC (fixed costs) = rent ($500.00) + insurance ($50.00) ($300.00 every 6 months) P= (Price /charge per unit= $12.00 per haircut VC=(Variable costs)= hair-cutting material/cleaning supplies FC= rent ($500.00) + insurance ( $50.00) $550.00 P= $12.00 per haircut VC= haircut material( $2.00) + cleaning material( $1.50) $3.50 BEQ= FC____ $550.00 P-VC $12.00- $3.50= $8.50 Break- even point = 65 haircuts per month is needed to break even……… The information for this assignment was extracted based on interview of the shops Manager....
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