1) How much did your mobile phone cost to produce?

(Think about cost categories rather then actual $ amounts)

First, answer in terms of manufacturing cost only.

Secondly, consider what other costs (upstream and downstream) would be relevant 2)

If you were thinking about starting a new business making and selling earrings, what categories of cost would you consider (from the value chain) when making the decision about whether to go ahead? Value chain Upstream Downstream functions Costs in Research Manufacturing the value and Design > Supply Customer Value of or Marketing > Distribution service products chain development production Product External financial reports costs for: Short-term profitability analysis / pricing / make or buy Longer term (strategic) profitability analysis / pricing / product mix If you were an existing earring manufacturer and you received a once only 'special order', what categories of cost would you consider (from the value chain) when deciding whether to accept or reject the order?Job cost sheet: manufacturer Luvable Bears Ltd incurred the following costs to produce job number T378, which consisted of 1000 cuddly teddy bears that could walk, talk and play cards Direct material: 1 April Requisition no. 101: 450 metres of fabric 0 $0.80 per metre 5 April Requisition no. 108: 600 cubic metres of stufng @ $0.30 per cubic metre DireCt labOur: 15 April Time sheet no. 72 500 hours G $19 per hour Manufacturing overhead: Applied on the basis of direct labour hours 0 $12 per hour. On 30 April, 700 of the bears were shipped to a local toy shop. Required: 1} Prepare a job cost sheet and record the information given above. (Use Exhibit 4.10 as a guide.) 2} How might the managers at Luvable Bears use this information