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Calculation of break even points and maximum profits

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Reference no: EM13340379

Learning Objectives

At the end of this activity you should be able to:-

Apportion fixed costs to several products

Use breakeven analysis to help to determine the effects of different prices.

Outline

For this activity you will be working in your groups during the Pod session in week 3. There is an individual task which must be completed and submitted by the beginning of the second Pod session in week 4.

Attached are documents giving the background financial information regarding Fairview Manor and the task that you have to complete.

You are required to produce an individual report, on your own, outside the Pod session and submit it via the Assignment Submissions by the beginning of the second Pod session in week 4.

Assessment

This assignment is an individual piece of work and accounts for 10% of your Phase.

Good pieces of work will show most or all the following characteristics:

• Accurate apportionment of fixed costs and calculation of variable costs
• Accurate calculation of Break Even Points and Maximum Profits
• Effective use of MS EXCEL
• Clear, accurately labelled charts
• Well argued, sensible suggestions for weekly rental prices and final pricing structure.

Reference no: EM13340379

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