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Choose an item that you would like to manufacture. You do not actually need to manufacture something, but will proceed through the assignment as if you were planning on manufacturing the item you have selected. The product should require materials and labor and be something that you are familiar with in process from start to finish. The product muse be useful and marketable. You can choose something as simple as making chocolate chip cookies, a type of craft, or something more complicated. Consider production as if you were making the product from the beginning to end, and not as if using a kit. Perform the following steps:1. Choose a product to manufacture and describe the manufacturing process.2. Prepare the following budgets for 1 quarter broken down monthly regarding your chosen item:*estimated sales budget*estimated direct materials budget*estimated direct labor budget*estimated manufacturing overhead budget*estimated selling and administrative expenses*estimated income statement3.Classify all manufacturing costs and selling and administrative expenses as variable or fixed.4. Prepare a contribution margin income statement separating all variable and fixed costs into their categories.5. Determine the breakeven point in units and dollars. Also, determine the number of units and dollars that need to be sold to make a target profit of $5000 a month.6. Identify what types of trends you should be aware of in the industry and who the primary competitors are.7. Answer the following question: If you had to improve the botXXXXX XXXXXne, what would you do and what concerns would you have going forward.8. Choose a piece of equipment that you might consider purchasing to increase production of your item and address the following questions: What types of capital budgeting factors would you look at when deciding whether to do this? What would be the relevant costs that you would consider in this decision?
Robert has been investing $1000 at the end of each year for the past 15 years. How much has accumulated, assuming he has earned 9% compounded annually on his investment?
write either a short paper sp related to behavioral finance or a corporate report cr related to behavioral finance.
Variable costs, fixed costs, and project risk. Solutions Bank Textbooks had sales and operating expenses of $1 million last year. If the firm had fixed costs of $300,000 on sales of 35,000 books, then what is the firm's per-unit contribution?
case analysis a brief outline of the firm and its industry is given as well as a few tips for your attention. you are
Assume a large physician group practice has a low return on equity (ROE). How could Du Pont analysis be used to identify possible actions to help boost profitability?
If i had exchanged £20,000 into rubles in January and converted back into pounds in November, paying 2.5% commission for each transaction, how much would I have in pounds, to the nearest penny?
the purpose of the annotated bibliography is to assist you in developing research analysis skills including critical
Calculation of payback period for capital investment and A company paid $50,000 cash for a capital investment
Tan Lotion faces a flotation cost of 12% new equity issues. What wil the flotation-adjusted cost of equity be?
A firm has beginning inventory of 400 units at a cost of $12 each. Production during the period was 700 units at $13 each. If sales were 800 units, what is the value of the ending inventory using LIFO? A. $2,750 B. $3,600 C. $3,300 D. $3,850
Lambardi sells in a mix of 2 units of A, 3 units of B and 5 units of C. What is the weighted average contribution margin per unit for Lambardi?
1.Assess the nature of the operation of each company. Describe the risks that each company seems to face as it strives for higher profitability and valuation in the financial markets.
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