Question
I am in a group case study for my ACCT 346 Managerial Accounting class. Our project (which is on Cost Behavior and Cost-Volume-Profit Analysis) is
I am in a group case study for my ACCT 346 Managerial Accounting class. Our project (which is on Cost Behavior and Cost-Volume-Profit Analysis) is to select a product (we decided on an NFL Team's Jersey) that we would like to manufacture (we decided on an NFL Team's Jersey). I would appreciate some assistance with the portions that I have been tasked with:
* List at least 8 costs that your company will incur. You must include multiple variable costs, fixed costs, and mixed costs. Please explain why you classified each cost in the manner that you did.
* In year 1, you are happy to break-even but as a group discuss what target profit you would like to make for Year 2 and 3? Based on your target profit, calculate how many units you would need to sell.
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