Module 2 - SLPCost AnalysisAssignment OverviewCost Analysis Understanding the interaction between costs, breakeven points, economic changes, and the broader economy is important for business planning.

ACC501 SLP 2

Your Name

Trident University International

ACC501 Accounting for Decision Making

Due Date

ACC501 SLP 2

Remember to always indent the first line of a paragraph (use the tab key) or paragraph formatting. Start the paper with a 2-3 sentence introductory paragraph. The margins, font size, spacing, and font type (bold or plain) are set in APA format. While you may change the names of the headings, do not change the formatting or style of font except as specified below. This template uses Times New Roman 12-point. You may also use: Calibri (11), Arial (11), Georgia (11) or Lucida Sans Unicode (10). Since you are engaging in research, be sure to cite each paragraph and add a reference list in APA format. NOTE: failure to use research with accompanying in-text citations to support content will result in a score of 60% for each grading criterion. This is a research-based, professional paper; not a personal one based on feelings. It must be written in the third person; this means words like “I”, “we”, and “you” are not appropriate. No quotations are permitted in this paper. The excessive use of quotes will directly impact performance since this indicates a lack of comprehension and shows that you may not have mastered the concepts. Need help with the reference list format or citation format? Free Citation Generator (APA) “Full citation” is for the Reference list. In-text citation is used in the written paragraph.

Defining the Concepts

Using the resources provided: Explain the difference between fixed and variable costs. Explain contribution margin. Explain break-even. The three explanations must be a total of one page in length and include in-text citations.

Query 1 Analysis - The Data

Copy and paste the Figures from ChatGPT or create visuals from the data

Analyze the Break-Even Data. Based on what you learned about break-even data, point out the financial data in the various categories that a small business needs to carefully monitor. (1/2 page) Research required.

Query 2 – the Calculations

Copy and paste the Figures from ChatGPT or create visuals from the data

Contribution Margin (CM) Per Unit, Break-Even Point (in Units), Break-Even Point (in Dollars) Describe the findings in one sentence.

Query 3 – Fixed Cost Increase

Copy and paste the Figures from ChatGPT or create visuals from the data

Explain what the change means to the business. Using resources published in the last 12 months, research the implications of rent, lease or utilities increases on small businesses. Discuss economic trends in this area. (1 page)

Query 4 – Wage Increase

Copy and paste the Figures from ChatGPT or create visuals from the data

Explain what the change means to the business. Using resources published in the last 12 months, research the implications of wage increases on small businesses. Include a discussion of the labor market for the type of business. (1 page)

Query 5 – Variable Cost Increase

Copy and paste the Figures from ChatGPT or create visuals from the data

Explain what the change means to the business. Using resources published in the last 12 months, research the implications of cost increases on small businesses. Include a discussion of the effects of a less expensive alternative. (1 page)

Conclusion

Add a 2-3 sentence conclusion to complete the paper.

References

Below are some basic rules to follow when creating a reference list:

• Begin your reference list on a new page.

• The word References should be centered and bold at the top of the page.

• Double-space your reference list.

• For each author, list the last name first followed by the initials for their first and middle names.

• Arrange your reference list alphabetically by the last name of the author.

• Use a hanging indent after the first line of your citation (Word does this for you). Type your entry and then click “Paragraph” on the HOME tab to create the “hanging indent.”

APA has a handout for the most common types of references.

Need help with the reference list format or citation format?

• Free Citation Generator (APA)

• “Full citation” is for the Reference list. In-Text Citation is used in the written paragraph.