Master Cost Volume Profit and Break-Even Analysis | Project #1

Project #1 ACCT 305 Spring 2023 Instructions Due:Thursday, February 23rd, on Wiley Plus and Moodle by 11:59 PM Assignment:This project tests your knowledge and application of cost volume profit and break-even. For Project #1, complete Exercise 4.11, parts a, b, c, and d in Wiley Plus. In addition, you are to create a CVP analysis, answer the question below in part e and upload it to Moodle. ❖Exercise 4.11 •Complete parts a-d on Wiley Plus under the assignment labeled "Project #1" •You will be given two attempts to answer these questions correctly. •3 questions ❖Part a-c = fill in the blank ❖Part d = dropdown •No time limit •Worth 25 points •Graded on: ➢Correct answers ❖Part e •Prepare a CVP Income Statement in Excel using the information from Exercise 4.11 on Wiley Plus. Pretend that the operating profit for 2022 was the operating profit and number of units sold from part c. •Upload pard e to Moodle under the"Project #1 Part e (Please upload CVP Income Statement here)"file submission. •Worth 25 points •Graded on: ➢Contains all components of a CVP Income Statement ➢Proper Heading ➢Proper labels (e.g., Sales, Variable Costs, Contribution Margin, Fixed Costs, Net Income, etc.) ➢Use of formulas ➢Professionalism ➢Grammar ➢Presentation HINT:The Net Income number you present in part e of the CVP Income Statement should be thesamenumber stated as Operating Profit in part c.