### How much will you charge for your product or service

Assignment Help Accounting Basics
##### Reference no: EM132013344

Questions: 1. Calculating Revenue

Before identifying costs in a new business, it is necessary to calculate revenue. All costs will be based on your anticipated revenue because costs are generated based on what it takes to produce the product for sale. This module you are going to think about your new business and determine what the first year in sales looks like.

• Describe what product or service you will be selling.

• How much will you charge for your product or service?

• How many units of the product or service do you anticipate being able to sell over the first year?

This is a good time to dream, but also to be realistic. The beginning period in any company is challenging and realistic planning is crucial for success. Based on your estimates, build a table, in Microsoft Excel, showing the quantities sold of each item or service, the dollar amount charged for each, and the total anticipated revenue. Your table should reflect sales by the month and then an annual total. Include your table as an attachment to your initial discussion response.

2. Cost Drivers

This module you are learning about cost drivers. You will be adding costs to your budget. You want to consider several types of expenses.

• What materials and labor will be necessary to produce your product for sale?

• What overhead costs will be necessary?

• Will you need to rent a building or will your business be home-based?

• Will you need to advertise?

• Will you require electricity and other utilities?

• Will you need a manager to oversee the business?

### Write a Review

#### Lonely guy repair service recently performed repair

lonely guy repair service recently performed repair services for a customer that totaled 400. somehow the bill was lost

#### Madison industries has equivalent units of 4000 for

madison industries has equivalent units of 4000 for materials and for conversion costs. total manufacturing costs are

#### The bonds are callable on any semiannual interest date

Prepare the entry to amortize bond discount and to pay the interest due on July 1, 2011, assuming that interest was not accrued on June 30.

#### On april 30th2004 hackman corporation issued 1 million face

on april 30th2004 hackman corporation issued 1 million face value 12 bonds dated january 12004 for 1040000 plus accrued

#### Calculate the payback period and the accounting rate

Calculate the payback period and the accounting rate of return for the new production equipment

#### Recording journal entries to record the sale

Octagon Co. appropriately uses the installment sales method of accounting for its installment sales. Prepare journal entries to record the sale, collection, and recognition of gross profit.

#### On january 1 2013 pepper enterprises acquired 80 percent of

on january 1 2013 pepper enterprises acquired 80 percent of harlan companys outstanding common shares in exchange for

#### Prepare an income statement for the year ended december

Prepare an income statement for the year ended December, Prepare a retained earnings statement for the year ended December

#### Compute earnings per share

Compute earnings per share for 2017. Assume that financial statements for 2013Ir were issued in March 2018

#### Constructed a multi-storied building consisting

Dr. Bankey Lal, a businessman, constructed a multi-storied building consisting 16 flats of equal size. The construction was started in April 2004 and completed on March 31, 2008.

#### Prepare the journal entries to record the sale,

December 31, 2010, additional collections on sales originally billed for \$3,000 were received.

#### What are the capital balances of each partner

What are the capital balances of each partner after the admission of the new partner?

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!