Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. The report must not exceed 8 Power Point Slides (excluding cover sheet, references and appendices, if any) using the Times New Roman Font, font

image text in transcribed
5. The report must not exceed 8 Power Point Slides (excluding cover sheet, references and appendices, if any) using the Times New Roman Font, font Bring down fixed costs by $30,000 and sales price by 10 percent. Variable sizes between 16-18. costs per panel will remain the same, with a sale of 2,500 panels predicted for the remainder of the year. Submission requirements Required: You must submit your assignment in Power Point format electronically through the secure upload facility in the Moodle system. Please do not email your assignment to 1. Assuming that there are no changes made to the selling price or the structure your lecturer or the Unit Coordinator. Please ensure all details are complete in the of costs, determine how many solar panels Green Captain must sell: Cover sheet and ensure that it is the FIRST page of your assignment. a) To break even. These are the minimum requirements as outlined in the marking criteria available on the moodle site. However, students should note that satisfactorily meeting the b) To achieve its after-tax profit objective. minimum requirements will typically only result in the minimum pass grade being 2. Determine which one of the alternatives Mr. David Thapa should select to awarded. Higher grades will be awarded for students that exceed these minimum achieve the company's annual after-tax profit objective. requirements. See the marking rubric for further details. Prepare an Executive Report to advise the CEO on the results of the analysis. While Assignment questions preparing the report please take the following into consideration: Green Captain Solar manufactures and sells solar panels that can be added on to existing solar panel systems on individual homes and businesses. The market covers 1. The after-tax profit across the three different alternatives, explaining the both new panels as well as recycled panels. For the year 2023 Green captain reason for difference. predicted the following: 2. The impact on the quality of the solar panels due to the change in the quality selling price of $600 per panel of raw materials and the manufacturing techniques. The benefits and the drawbacks in undertaking this change. How should the management variable cost $300 accountant advise the CEO in this regard. fixed annual cost at $150,000 3. The use of your new analysis in managing Green Captain's profitability for the after tax profit $600,000 year. tax rate 20%% The financial statements of Green Captain prepared in May 2023 indicated that the *THE END* sales targets were not being met. For the first five months of 2023, only 700 panels had been sold at the established price, with variable costs as planned. It was clear the 2023 after-tax profit projection would not be reached unless some actions were taken. The CEO of Green Captain, Mr. David Thapa assigned a management accountant to undertake an analysis of the situation and come up with several alternative courses of action. The management accountant presented the following alternatives to the CEO. Bring down the sales price by $100. The sales department predicts that with this reduction, 3,500 panels can be sold during the remainder of the year. Total fixed and variable unit costs will remain the same. Bring down the variable cost per panel by $25 by sourcing lower quality raw materials and modifying manufacturing techniques. In addition, bring down the sales price by $90, with a sales of 2,800 panels predicted for the remainder of the 2023

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Debra C. Jeter, Paul K. Chaney

7th edition

1119373204, 9781119373254 , 978-1119373209

More Books

Students also viewed these Accounting questions

Question

Population

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago