User Account

All Pages

What is the target price

Assignment Help Financial Accounting
Reference no: EM13506513

Target costing: manufacturer

suppose you have just started a business to manufacture your latest invention, the Glammaglob gadget. you estimate that after a few tears on the market these gadgets will sell for about $250. this estimate takes account of the introduction of similar devices by your compeitors. furthermore, let's say you want to make a profit of $50 on each gadget sold.

required:

1. what is the target cost for the Glammaglob gadget?
2. what is the target profit?
3. what is the target price?
4. suppose your engineers and management accountants conclude that your design of the Glammaglob gadget will result in a unit cost of $230. how can you use the concept of the target costing to help achieve your object?

Reference no: EM13506513

Questions Cloud

What is the potential along the gaussian sphere : A group of charges is found in space. At a distance of 100 cm from the group of charges, the total electric flux through a Gaussian sphere is found to be 517 N·m2/C. What is the potential along the Gaussian sphere
What would the charge on the capacitors be : Three capacitors all have the same capacitance. When they are wired in series, the equivalent capacitance is 57 ?F. what would the charge on the capacitors be
Explain what mass of ceramic can theoretically be produced : Titanium (IV) chloride, TiCl4, can be used to produce titania by the sol-gel method. What mass of ceramic can theoretically be produced from 59g of TiCl4
A health care organization or medical service : How would you go about conducting a service area structure analysis for a health care organization or medical service? Describe the specific steps and processes.
What is the target price : suppose your engineers and management accountants conclude that your design of the Glammaglob gadget will result in a unit cost of $230. how can you use the concept of the target costing to help achieve your object?
How far are you able to hit the ball : On Earth, you are able to consistently hit a golf ball 156 meters when you use your Five-iron which launches the ball at a 23 degree angle with respect to the ground. how far are you able to hit the ball
What is the present value of her winnings : If the first payment was made today and the remaining 19 payments occurred at the beginning of each of the next 19 year, what is the present value of her winnings?
Define purchase of office equipment : A transaction completed by Salvador Company caused a $12,000 increase in both the total assets and the total liabilities. This transaction could have been.
How much stock does the company own in this category : An activewear buyer bought $24,000.00 of stock in a blue tank top. This reflected 35% of the activewear tanks purchased. How much stock does the company own in this category, rounded to the nearest dollar?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd