Accounting for Business Individual Report : Component 2
Module Title: Accounting for Business
Individual Report : Component 2 (1500 words)
Assignment Brief:
You have been given the choice of one of the two profit-making ventures below.
Option A:
Operating a “take away shop” for 3 months (June, July & August) near Canon’s Park.
Option B:
Organising a ‘Zumba dance party’, with a meal included.
Required Tasks: Marks
- Choose Option A or Option B
- List your estimated costs classifying them as either Variable (per burger / per dance ticket) or Fixed.
- Set a target profit for your venture and use contribution analysis to set a selling price per cups of coffee (Option A) or a dance ticket price (Option B).
- Calculate the break-even quantity and margin of safety (%) for your venture.
- Prepare a marginal costing statement for your venture.
- Prepare an income and expenditure budget for your venture.
- Write a business case for your venture, 500-600 words, which includes your data from tasks 4 to 6 and which explains your assumptions for running your venture.
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