Solved by verified expert :module 5 case studyThe submission should be 2 to 4 pages and need to include answers to all the questions listed above. Include references in APA format.This case has two parts.Part IWe have learned about the basic ideas of managerial accounting during the first two modules. Let’s try to apply this knowledge and review a sample budget for a charter school. This budget is prepared assuming three levels of student enrollment (66, 100 and 120). Revenue and expenses projections are shown in the budget. Operating assumptions are shown in “Schedule A”.The first requirement of this case relates to the planning function of a budget. Comment on the following relating to the charter school budget:-(1) Is this a static or flexible budget?(2) What is total revenue (excluding grants) per student?(3) What are total expenses per student?(4) Do all expenses seem necessary?(5) Is this school viable? How many students does the school need to break even (show your calculations with analysis and state your assumptions for break-even)?(Note: For break even analysis – Ignore revenue received as “Grants” and “Startup Costs” (Schedule A).(6) What are the general benefits of preparing this budget?(7) Discuss how this budget is likely to be used for the control function.Part IIThe second requirement of this case relates to the control function of a budget. Use the background material and Internet to answer the following questions.(1) Variance analysis is a traditional tool used for planning and control. Comment on advantages and disadvantages of using this approach for performance evaluations.(2) Do you have any suggestions for complementary or alternative performance measures?module 5 SLPDifferential analysis involves knowing which costs are relevant, i.e. future costs that vary among alternatives. It is important to know what information to use and not just how to execute the analysis.Herrestad Company receives an offer to make a new product, called C, for a new customer. The customer wants to buy 1,000 units. Product C has the same cost structure as product B with three exceptions. The new customer is only willing to pay $150 per unit, direct materials costs will decrease by $12 per unit and Herrestad does not have to incur any variable selling and administrative expenses.Make a list of the expenses and amounts that are relevant for this decision. How much with the sale of this product contribute to the profitability of Herrestad?What if the company only pays $140 per unit? How does this change the contribution towards profitability?If you were the manager, would you accept this order? What considerations, other than financial would enter into your decision?This is a Signature Assignment for ACC202 Module 5 SLP.There are 2 specific learning outcomes: 1) apply business theories, models, and concepts to guide analysis of problems and situations and 2) utilize data driven analysis in making business decisions.In this SLP assignment for Module 5 our emphasis will be on understanding the concept of relevant costs. You will be summarizing all of what you learned the in the Cases, SLPs and TDs.The grading rubric below has been developed to measure student success in meeting the ACC202 Module 5 SLP expectations related to applying your knowledge of relevant costs in the budget process.Assignment ExpectationWeak (1)Marginal (2)Adequate (3)Strong (4)Organization10%Demonstrates the ability to analyze content logically, concisely, and in an appropriate manner to understanding of relevant costs.There is no logical sequence of information. Wording is rambling and unfocused.Paper does not follow a logical sequence.Paper follows a logical sequence. There are some minor problems with sub-classification and/or results are not clear.Paper follows a logical sequence with a correct computation and results. Each cost relates to others in a carefully organized framework.Demonstrates the ability to support a central point or viewpoint throughout the paper.Insufficient elaboration and/or support (e.g., computation, each activity) in the paper.Limited elaboration and/or support in the paper.Support with some specific details and elaboration in the paper.Support through both specific details and elaboration apparent in the paper.Content70%Demonstrates familiarity with the concept of relevant costs.The purpose is not identified, is unclear, or inappropriate in the paper.Purpose is occasionally unclear in the paper.Clear purpose, but not consistently sustained throughout the paper.Clear purpose sustained throughout the paper.Demonstrates the ability to gather and sort relevant costs in the budget process.Does not have a grasp of information and appropriate data. Topic is poorly created. Supporting explanations are absent or vague. Trite ideas and/or unclear wording reflect a lack of understanding of topic.Seems uncomfortable with information and data. Topic is evident but with little or no elaboration.Seems comfortable with the accounting information and data. Topic is evident with some supporting details.Demonstrates full knowledge of the topic with explanation and elaboration. The topic is well developed, effectively supported, and appropriate for the assignment. Critical thinking is clearly and creatively expressed. Data choices are well thought out.Delivery20%Demonstrates the ability to use appropriate word choice and grammar in the paper.There are many sentences with grammatical errors. Some sentences are incomplete/halting, and/or vocabulary is somewhat limited or inappropriate.There are a few sentences that are complete and grammatical. Word choice is not always appropriate for presentation.Sentences are generally complete and grammatical, and they flow together easily. With a few exceptions, words are chosen for their precise meaning.All sentences are complete and grammatical, and they flow together easily. Words are chosen for their precise meaning. Word choice illustrates grasp of content and enhances explanation.Demonstrates the ability to make an effective explanation outline that is free from bias.Words chosen for an explanation are inappropriate and exhibits bias. Some readers may be confused.Words chosen for the paper are free from bias with one or two minor exceptions.Words have no apparent bias. There is some inappropriate explanation.Words and explanation are completely free from bias.Post your assignment to CourseNet.SLP 5 Assignment ExpectationsDemonstrate familiarity with the concept of relevant costs.Write 2-4 pages, showing computations and discussing the results. List supporting references and cite sources.Use appropriate writing style (organization, grammar, & spelling – see Writing Guidelines).
Expert answer:trident acc202 module 5 casestudy and SLP
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