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I need assistance in completing this team project below. Case Study - Team Project Holstein Corporation12: PART 1 In mid-November 2018, Bob, Paul and Cherty
I need assistance in completing this team project below.
Case Study - Team Project Holstein Corporation12: PART 1 In mid-November 2018, Bob, Paul and Cherty were almost through with the 2018 operating budget for their con4)any, Holstein Corporation. Holstein produced milk products in three primary forms (yogurt, cheese and ice-cream). The Industry was dominated by Milksted, Laughmgcow, Happycow, and Holstein, which made several of types of nulk products. Holstein was a small player m the industry with solid customer base and a profitable business over last few This year was a Ilttle different their profit was significantly lower than the prior years. The company' s proforma financials ar provided in Exhibit I _ The company produces 3 products. The standard costs for these three products are provided in Exhibit 2. The selling, and administrative (SG&A), other costs, interest income, and interest expense were likely to remain the same no matter which product-line combinations are used by the conA)any_ The company hires your services as their consultant. They believe that they can improve their bottom-line (net profits) by changing the product mix, pricing and advertismg decisions. (Note: The total production capacity is fixed at 420,000 units) If the con4)any decrases the price of its product, the result unuld be an increase in the sales of the product; the company provides pu the followmg information on the estimated increase m the sales (based on the research by their sales team) _ Cheese SLIO Decrease in Price Increase in sales $160 25,000 so. 75 12,000
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